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Will Bitcoin Go Up or Down This Week? 5 Things to Watch

Will Bitcoin Go Up or Down This Week? 5 Things to Watch

The Bitcoin market remains on the move, with another week of mixed opportunities and uncertainty ahead. While trade tensions between global powers cause market jitters, BTC‘s price is battling a key downward trend. These are the five key insights smart crypto investors are keeping an eye on this week.

1. Trade tensions create volatility, Bitcoin seeks direction

International trade tensions are on the rise, adding unpredictability to financial markets. Talks around new tariffs and import duties keep investors alert. Risk assets like crypto tend to respond quickly to surprise developments. Over the past few days, Bitcoin spiked above $86,000, but the rally was short-lived. The price later stabilized around $84,000. For now, it remains to be seen whether this unrest will have a lasting impact on the market.

2. Bitcoin battles key resistance level

Technical analysts are closely watching Bitcoin‘s price movement. A downward trendline has acted as strong resistance for months. So far, a clear breakout hasn‘t occurred, but a successful retest could open the door to higher levels. Some analysts are eyeing a move toward $88,000, while others warn of a potential correction toward the $72,000 zone. The market is at a crossroads — and any breakout could shape the short-term direction.

3. Bitcoin ETFs see major outflows — but that‘s not the whole story

Last week saw a net outflow of over $700 million from US spot Bitcoin ETFs. At first glance, that may seem alarming, but in the bigger picture, it‘s relatively minor. Institutional adoption of Bitcoin remains strong. Major players continue to buy strategically during dips. It‘s a reminder that volatility is temporary — and long-term confidence remains solid.

4. Weaker dollar gives crypto some breathing room

The US dollar is losing ground against other major currencies. The DXY index, which measures the dollar‘s strength against a basket of foreign currencies, is at multi-year lows. Historically, a weaker dollar tends to benefit Bitcoin. While the correlation isn‘t always immediate, this trend could help build medium-term momentum for BTC and other risk assets.

5. Global money supply (M2) hits record high

The global money supply — known as M2 — is reaching new highs. This is a key macroeconomic indicator often linked to Bitcoin‘s price movements. Historically, BTC has tended to rally a few months after a rise in M2. Some market watchers are predicting a potential price recovery heading into May or June. That means the coming weeks may still offer buying opportunities before the next growth phase kicks in.

Disclaimer: This is not financial advice. Always do your own research and consult with a professional before making financial decisions.