The expert predicted the movement of bitcoin this week

Bitcoin may drop to $73.7 thousand, while an attempt to overcome the $ 80 thousand mark remains possible, but it is not yet supported by strong drivers. Alexander Baryshnikov, the manager of the Mining fund at Record Capital Management Company, told Izvestia on April 27.

"Bitcoin ended the week from April 20 to April 26 with an increase of 6.58%, closing at $78,657 — a solid result against the backdrop of troubled geopolitics. Record institutional inflows fueled the growth: in just one week, almost $1 billion was received into spot Bitcoin ETFs, and Strategy bought more than 34 thousand BTC, bringing its reserves to 815 thousand coins. The market has shown resilience despite the constant noise around the Strait of Hormuz and the hijackings of ships by Iran," the expert explained.

However, the situation has changed since the beginning of the new week. Bitcoin declined by 2.55% to $77,465, amid a reversal in futures on US indices. A double top technical model has formed near the $79.5 thousand level, which may signal a possible correction.

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Additional pressure on the market is exerted by geopolitical factors and expectations of new developments in the Middle East, including a possible escalation of tensions around Iran.

The key event of the week will be the meeting of the US Federal Reserve System on April 28-29. The rate is expected to remain in the range of 3.5–3.75%, however, according to analysts, it is the rhetoric of Fed Chairman Jerome Powell that will determine the further dynamics of the markets.

According to him, the situation in the oil market remains an additional risk factor: in the event of an increase in oil prices and a breakdown in negotiations on Iran, the cryptocurrency market may come under pressure.

"It's going to be a nervous week, and investors should closely monitor the dynamics of the American trading sessions," the expert concluded.

On April 23, US President Donald Trump announced that until an agreement with Iran is concluded, no ship in the Strait of Hormuz will enter or leave without the approval of the United States Navy. According to the American leader, the United States currently has "full control" over the Strait of Hormuz.

Later, on April 25, the Pentagon's Central Command (CENTCOM) announced that the US Armed Forces had redirected 37 ships as part of the naval blockade of Iran. However, on April 26, it was reported that the Islamic Revolutionary Guard Corps (IRGC) had already detained two ships associated with Israel that were trying to secretly cross the Strait of Hormuz.