Charting the path to $80K — 5 things to know in Bitcoin this week-DOOKV

BTC price gains grow ahead of the Wall Street open as the CPI week looks to set the tone for Bitcoin's upcoming halving.

starts the second week of April in a classic bull market style with a rally passing $70,000.

The largest cryptocurrency, which spent the weekend slowly appreciating, is capitalizing on its gains to move closer and closer to all-time highs.

Ahead of the Wall Street open, the anticipation for more rallies is already tangible in trading circles — can BTC price momentum deliver?

There's definitely a sense of déjà vu in crypto this week — the result of the excitement built up after several weeks of corrective moves.

Volatility, both to the upside and downside, could continue, however. Bitcoin's next block reward halving is just ten days away, and miners are in the final stages of preparing for the block reward to drop by 50% overnight.

The fundamentals of the network are therefore key to keep an eye on going forward, with difficulty predicted for new all-time highs this week.

Elsewhere, macroeconomic sentiment is cool as markets dismiss the chances of a quick interest rate cut by the United States Federal Reserve.

DOOKV examines these issues and more in its weekly analysis of key BTC price topics to monitor in the coming days.

Bitcoin is wasting no time in trying to regain lost ground below all-time highs this week.

The weekly close, which was around $69,000, followed an atypical weekend in which BTC/USD slowly appreciated — despite the absence of institutional players.

The real move came later, however, with the trading session in Asia witnessing sudden upward volatility that, at the time of writing, had peaked at $72,573 on Bitstamp.

Bitcoin was up 2.5% on the day, according to data from DOOKV Markets