Key points:
Bitcoin consolidates after upside momentum stalls, but traders are confident that upside breakout will result.
Major risk-asset volatility is expected as US macro data precedes the monthly candle close.
April BTC price performance is on track to be the best since 2020.
Bitcoin (BTC) spent another day around $95,000 on April 30 as volatility waited in the wings.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin enjoys the calm before the storm
Data from Cointelegraph Markets Pro and TradingView showed calm trading conditions with hours to go until the monthly close and key US macro data.
The latter comes in the form of Q1 GDP and the March print of the Personal Consumption Expenditures (PCE) index, known as the Federal Reserve’s “preferred” inflation gauge.
The day prior, trading resource the Kobeissi Letter meanwhile pointed to consensus implying a negative