Crypto Price Prediction: Following the completion of the fourth Bitcoin Halving, the cryptocurrency market witnessed a fresh relief rally as Bitcoin regained its value above $65000. This upswing promotes local bottom formation for a majority of major coins and recuperates bullish momentum for the post-halving rally.
However, as Coingape mentioned in the previous analysis, the Bitcoin price often takes a few months before leading to a sustained uptrend. Thus, crypto investors may be patient and use the time to strategize their investments.
Moreover, the imminent release of the U.S. first-quarter GDP and March PCE data is under close watch, with the latter being a significant inflation indicator for the Federal Reserve. As highlighted by Wu Blockchain, there’s a high probability—96.3%—of interest rates remaining unchanged at the upcoming FOMC meeting on May 1st. Market participants are keenly awaiting these figures as they can heavily influence the Fed’s monetary policy direction
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