Bitcoin Outlook: Mixed Signals Ahead of Potential Upside

The cryptocurrency market has been experiencing a volatile period, with Bitcoin's price fluctuating significantly over the past few months. The current bear market may stretch through Q3 before forming a durable bottom, according to the historically-reliable 4-year halving cycle.

From a macroeconomic perspective, the monetary policy backdrop has remained generally supportive, but central banks are shifting toward potential interest rate increases due to inflationary concerns. This could become a headwind for Bitcoin as it moves through Q2.