The price of Bitcoin has steadied around $69,500 recently while waiting for important economic data this week. Also, Bitcoin Exchange-Traded Note (ETN) products are now available for trading on the London Stock Exchange.

This week, investors are preparing for various big economic events and data releases, including important indicators from the U.S. and decisions on interest rates from major central banks globally. The United States will reveal the March Consumer Price Index (CPI) on April 10, followed by the March Federal Open Market Committee (FOMC) minutes on April 11. It's highly likely, around 93.3%, that the FOMC will keep interest rates unchanged in May.

As we move through this month, major central banks are likely to follow the Federal Reserve's lead by keeping interest rates where they are. Strong U.S. economic data has lowered expectations of possible interest rate cuts, which has kept the high-interest-rate environment going. This has led to significant ups and downs in U.S. stocks, which are seen as indicators for risky assets.

In the cryptocurrency market, Bitcoin's $70,000 price level is still being closely watched. However, other cryptocurrencies besides Bitcoin have seen prices drop, entering what's called a technical bear market.

Some analysts think that Bitcoin's price might stay steady until the next halving event before starting another upward trend that could reach $120,000 by the end of the year.

Big investors, known as "Bitcoin whales," have been buying up large amounts of Bitcoin, showing positive feelings about the market. In a recent deal, one whale bought $90 million worth of BTC.

Analysts at CoinGlass predict a possible short squeeze for Bitcoin if prices go above $72,000. This could lead to whales holding onto or buying more Bitcoin, pushing the price up.

Bitcoin’s current price movement is limited within a certain range, with potential for further developments as economic reports and central bank meetings unfold.

In conclusion, the Bitcoin market is on standby as it awaits crucial economic updates and decisions from central banks, with various factors influencing its future trajectory.