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Author: Admin | 2025-04-28
Week to go until the US Presidential Elections, traders are primed for volatility across crypto and risk assets.On higher timeframes, others note, BTC/USD continues to consolidate below March’s all-time highs of $73,800.“So long as we consolidate, we will build the volatility necessary to break 70k resistance,” fellow trader Roman told X subscribers. “Sideways is boring but what follows will begin a new macro uptrend. 70k is the level we must break to leave this 7 month range.”BTC/USDT 1-day chart. Source: Roman/XCrypto investor and analyst Satoshi Stacker meanwhile eyed a “golden cross” playing out on the daily chart, this involving the rising 50-day simple moving average (SMA) crossing above its 200-day counterpart.“The last time this happened (almost exactly a year ago), $BTC more than 2X'd over the following 5 months,” he noted.A repeat would see BTC/USD reach six figures for the first time in history during Q1 2025.BTC/USDT perp 1-day chart with 50, 200SMA. Source: Satoshi Stacker/XUS macro data comes thick and fast pre-ElectionAfter two relatively quiet weeks, US macroeconomic data prints are back — and with them, the odds of risk-asset volatility.Q3 GDP, major tech earnings, nonfarm payrolls (NFP), unemployment numbers and the Federal Reserve’s “preferred” inflation gauge, the Personal Consumption Expenditures (PCE) index, are all due in the coming days.The timing of the data prints could hardly be more influential — next week holds both the US Presidential Election and the Fed’s next meeting to decide interest rate policy.Both events are seen as key for risk-asset trajectory, including crypto,
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