Analysis: If Bitcoin Reclaims $82,000 CME Gap, It Could Continue to Rebound to $90,000

BlockBeats News, April 28th. According to Decrypt, over the past month, Bitcoin has risen by about 14% and is poised to close higher for the fourth consecutive week, with the market focusing on the $82,000 CME gap. QCP Capital pointed out: "Whether the next upward trend will turn into another classic bull trap or a more sustainable recovery will depend on whether Bitcoin can close above $82,000. If Bitcoin successfully breaks through $82,000, it could rise to $90,000. Despite ongoing geopolitical tensions, this indicates that investors are gradually re-engaging in long exposure, with a slowdown in downside hedging compared to the past few weeks."

Additionally, both the "Seven Giants" earnings reports and the Federal Reserve policy meeting will impact the market. Despite the ongoing crypto recovery, the market still faces the "instant macro risks" brought by the first-quarter earnings reports of five of the "Seven Giants": Microsoft, Amazon, Meta, Alphabet, and Apple. Wenny Cai, the founder of Anchored Finance, stated that the related earnings reports "will be a significant test of broader risk appetite," marking the first meaningful test since the US-Iran conflict.

Another key macro catalyst is the Federal Reserve meeting. The market has priced in a 100% probability of interest rates remaining in the 3.50% to 3.75% range. Cai stated that structurally, Bitcoin is "performing robustly," citing "sustained ETF inflows and improving institutional participation." She added that until clearer macro tailwinds or regulatory clarity emerge, the price of Bitcoin will "continue to be dominated by a combination of technical levels, positioning, and news-driven volatility."