Bitcoin (BTC) remained in a narrow trading range around $28,000 on April 7, with analysts waiting for the week's main United States macroeconomic data. The pair had shunned volatility over most of the week but now faced nonfarm payroll (NFP) numbers as a final potential catalyst for risk assets. Analysts expect BTC to remain in the current range for a while, with support levels at $27,600 and $25,000-25,400. However, Bollinger bands suggest that calm conditions are about to break, with a challenge of the upper or lower band expected soon. In 2023, BTC/USD gained 40% in January but ended February almost exactly at its starting position, and March upside totaled 23%, while in April, Bitcoin is currently down 2.3%.

(By WILLIAM SUBERG)