The big $60K hodl is on: 5 things to watch in Bitcoin this week

The big $60K hodl is on: 5 things to watch in Bitcoin this week

Bitcoin (BTC) is looking shaky at the start of a new week as $60,000 remains out of reach — could anything change in the coming days?

After an average weekend which failed to deliver the breakout that many had hoped for, Bitcoin is clinging to the mid-$50,000 range.

Cointelegraph takes a look at five factors that can help shape future price performance.

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Coinbase IPO a beacon in flat macro sea

Stock markets were unimpressive on Monday, April 5 with many Asian markets closed for public holidays and United States futures seeing little movement.

Following the Suez Canal debacle, oil was the only commodity with noticeable energy as a decision from OPEC+ countries to increase supply put pressure on prices.

With a lack of momentum available, Bitcoin, therefore, had little to sustain any macro-influenced price run, and $60,000 resistance remained in place at the time of writing.

One major event that crypto analysts are eagerly waiting for, however, is Coinbase’s IPO set for April 14.


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