TechFlow News, April 13: According to a Cointelegraph report, Nic Puckrin, founder of Coin Bureau and cryptocurrency market analyst, stated that Bitcoin’s current recovery remains fragile. Geopolitical and macroeconomic pressures stemming from the Middle East conflict will dominate market trends in Q2 2026, with rate cuts unlikely before Q3 or Q4. He noted that for BTC to reach $90,000, three conditions must simultaneously be met: easing geopolitical tensions, oil prices falling back to around $80 per barrel, and weakening economic data.
BTC is currently trading at approximately $71,276, facing resistance near $74,000 and still trading below its 200-day exponential moving average. Earlier, on April 6, BTC briefly rose above $73,000 but subsequently declined following the collapse of U.S.-Iran negotiations and former U.S. President Donald Trump’s announcement of a blockade of the Strait of Hormuz. The Federal Reserve’s FOMC remains divided over potential rate cuts in 2026; according to CME FedWatch data, the probability of holding rates steady at the meetings on April 29 and June 17 both exceeds 98%.
