While there has been a slight recovery in Bitcoin and altcoins in recent days, it remains unclear whether this is a relief rally or a sustainable recovery.
At this point, analysis company QCP Capital, which shared its current analysis, wrote that the market is neutral.
QCP Capital said in its latest analysis that the US stock sell-off that has negatively impacted Bitcoin and the crypto market may be over, and April was a historically strong month for risky assets like BTC.
Analysts at JPMorgan and a growing number of strategists are telling clients that one of the steepest declines in recent memory for U.S. stocks may be over.
According to analysts at JPMorgan and strategists, the combination of improved market sentiment and historically positive seasonal factors is a bullish signal for risky assets like Bitcoin.
Analysts said that the key factor in BTC’s surge above $88,000 was US President Donald Trump’s signaling of possible tariff flexibility, but options markets remain cautious ahead of major macro events such as the upcoming PCE data.
Analysts stated that PCE and option data could be the next important catalyst for BTC and the crypto market, and that the upward trend could emerge from June.
“The second quarter, and April in particular, has historically been one of the best periods for risk assets, second only to the festive December rally.”
Risk assets had one of their strongest trading days of the year as fears around the April 2 tariff deadline temporarily eased.
Trump signaled on Monday that he could provide exemptions or reductions, which helped calm market jitters.
BTC briefly rose above $88,000.
While the second quarter is typically one of the strongest periods for risk assets, the options market remains cautious and the bullish trend is not expected to become evident until June, according to options data.
“Investors are focused on this week’s three-month option expiration and upcoming PCE inflation data, which could be the next major catalyst.”
*This is not investment advice.