BlockBeats news, on April 28, according to Decrypt, Bitcoin rose approximately 14% over the past month and is on track to close its fourth consecutive week in gains, with market focus on the $82,000 CME gap. QCP Capital noted: “Whether the next upward wave becomes another classic bull trap or a more sustained recovery will depend on whether Bitcoin can close above $82,000. If Bitcoin successfully breaks above $82,000, it could rise to $90,000. Despite ongoing geopolitical tensions, this suggests investors are gradually re-engaging with upside exposure, while downside hedging has slowed compared to previous weeks.”
In addition, earnings reports from the "Magnificent Seven" and the Federal Reserve's policy meeting will both influence market movements. Although the crypto recovery rally is still underway, the market faces immediate macro risks from the first-quarter earnings reports of five of the "Magnificent Seven"—Microsoft, Amazon, Meta, Alphabet, and Apple. Wenny Cai, founder of Anchored Finance, said these earnings reports "will serve as a significant test of broader risk appetite," marking the first meaningful such test since the outbreak of the U.S.-Iran conflict.
Another key macro catalyst is the Federal Reserve meeting. The market is pricing in a 100% probability that interest rates will remain in the 3.50% to 3.75% range. Cai noted that structurally, Bitcoin is “performing strongly,” citing “sustained ETF inflows and improving institutional participation.” She added that, until clearer macro tailwinds or regulatory clarity emerge, Bitcoin’s price movement “will continue to be driven by a combination of technical levels, positioning, and news-driven volatility.”