This week, Bitcoin will most likely continue trading in a fairly narrow range of $60–$65K. The geopolitical factor in the form of the renewed blockade of the Strait of Hormuz is currently being priced in moderately: oil is rising, but “without spring hysteria.” Investors’ desire to shed risk is no longer as strong as it was during the first phase of the conflict in the Middle East. Markets have already partially priced in the risks of energy supply shortfalls, and we will most likely not see panic sell-offs of risky assets, including crypto.

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