This week is going to bring a lot of ups and downs in the crypto world. Some significant news has just come out, adding more fuel to the fire. Meanwhile, concerns are mounting due to escalating tensions in the Middle East. It's essential to know what predictions the market experts are making for Bitcoin (BTC) and other altcoins.

Bitcoin's Recent Performance

Bitcoin has been fluctuating between $60,000 and $73,777 for a while. On April 13th, it dropped below the 50-day moving average ($66,743) following Iran's missile strike. Briefly slipping below the $60,775 support level, Bitcoin managed to bounce back.

There's a risk of a significant downtrend if it keeps closing under the 20-day moving average ($67,807), potentially leading to a retest of the $60,775 mark. However, breaking above the 20-day EMA could set the stage for another all-time high.

Indicators like the downward-sloping 20-EMA and the RSI in negative territory show that selling pressure is strong. Further correction may see Bitcoin testing the $54,298 level, a crucial support area based on the Fibonacci ratios.

If Bitcoin manages to climb past $73,777, it may reach $80,000 and $84,000 levels with the upcoming halving period. Currently, Bitcoin is drawing buyers around $64,200. Factors like the DXY index's standing at 106 and Spot Bitcoin ETF sales strength post-US market opening will be closely watched.