The ongoing global turmoil exacerbated by the Iran conflict continues to impact financial markets, and cryptocurrencies are at the center of investors’ concerns. Former President Donald Trump has suggested a diplomatic breakthrough may be on the horizon, but Iranian officials have rejected any claims of negotiations, stressing that uncertainty persists. Against this backdrop, a prominent cryptocurrency analyst known as the “Oracle of Cryptocurrency” shared his outlook for April, based on his track record of accurately predicting large market swings in recent quarters.
Market Oracle maintains bearish outlook for April
March’s monthly closing prices had little reaction for many crypto investors, as Bitcoin’s sideways trading pattern dragged on for two consecutive quarters, leaving the market exhausted. Analyst Roman Trading is often described as the “crypto oracle” for his accurate bearish predictions amidst the fast-paced news cycle, drawing comparisons to the likes of 2021 Plan B and 2022 CAPO. No one makes perfect predictions forever, but Roman Trading reiterated its pessimistic forecast for the coming weeks.
“Nothing has changed. As we saw in January, Bitcoin is retesting diagonal support again amid low trading volumes. My view remains unchanged. If trading activity picks up, a fall is likely.”
Even in April, there is no sign that tensions will abate. On April 6, President Trump hinted that hostilities could escalate, but even as the new moon begins, Iran remains adamantly opposed to participating in negotiations. In a statement released early on April 1, President Trump said a regional deal was within reach and suggested Iran could withdraw within weeks. He also mentioned moves that could put pressure on NATO, and did not rule out taking steps to leave the alliance within two months — a sign that broader geopolitical uncertainty is likely to persist.
Robust employment data raises interest rate concerns
On the economic front, the latest US non-farm employment data exceeded expectations, raising concerns that further interest rate hikes could impact the cryptocurrency market. Analyst DaanCrypto observed that the overall market capitalization of cryptocurrencies is still in a correction phase and remains above the levels that marked the beginning of the recent post-election bull market. Despite continued declines in other financial markets, DaanCrypto maintained that crypto assets have shown remarkable resilience. Still, he warned that the sector was approaching a decisive stage. If the current support breaks, the market cap could fall quickly to $1.81 trillion.
However, questions remain about when and at what level a seasoned value investor would consider buying Bitcoin. Warren Buffett, a well-known cryptocurrency skeptic, has repeatedly dismissed digital assets, but he has laid out criteria for when an asset becomes attractive for entry into the broader investment discussion.
Market commentator Onchain Mind analyzed Buffett’s approach and suggested that in keeping with the billionaire’s ethos, buying Bitcoin near its 200-week moving average could be considered a rational move. Bitcoin’s 200-week average is currently near $59,000, suggesting that this level could serve as a reference point for cautious long-term investors considering the possibility of entering the crypto market.
