BTC may face short-term selling pressure in April amid geopolitical, inflation risks

Cryptocurrency financial services firm BIT, formerly Matrixport, noted that while April has historically been a favorable month for Bitcoin, this pattern has recently become unstable. The firm pointed out that the current monthly Relative Strength Index (RSI) for BTC is at 47%, indicating a neutral position, and that conditions for upward momentum are relatively moderate, similar to last year. However, BIT highlighted that ongoing geopolitical uncertainty continues to suppress buying sentiment, while growing inflation concerns are prompting a market reassessment of the future policy paths of major central banks. Consequently, Bitcoin could face short-term selling pressure early in the month. The firm added that a wait-and-see strategy may be effective until a clearer market direction emerges.