(BTC) and most major altcoins have been During the holidays, it is relatively peacefulFrom Good Friday through the end. It is evident that crypto traders do not place large bets when U.S. equity markets are closed. That could be because of the tight correlation between Bitcoin and the S&P 500 and the uncertainty about the equity market’s performance in the next week.

Some analysts predict weakness for Bitcoin in the short term. Others believe Bitcoin may be entering a consolidation phase. Its upside makes up a significant portion.The four-year halving cycle is yet to begin. Josh Olszewicz, head of research at alternative asset management firm Valkyrie, said: “Interesting. It’s possible that we haven’t seen the blowoff yet.