Recently, BICO has been driven by the improvement in risk appetite for major crypto assets, showing significant short-term momentum. However, increased trading volume at higher levels and a simultaneous rise in demand for options protection indicate that market sentiment remains cautious. Technically, $0.0255 acts as the dividing line between bulls and bears; a breakout and consolidation above this level could target the $0.027 region, otherwise, attention should turn to the strength of support at $0.0240/$0.0230. In the medium to long term, continued institutional inflows provide BICO with strategic allocation value due to its ecosystem-enabling attributes. It is recommended to accumulate in batches within the consolidation retracement range ($0.022–$0.0205), prioritizing long-term growth potential while remaining wary of short-term volatility risks.

Recently, Bitcoin has continuously broken multi-week highs and approached key resistance levels, accompanied by negative Gamma effects in the derivatives market, amplifying short-term volatility. Meanwhile, the easing of geopolitical risks between the US and Iran and the shift in Federal Reserve policy expectations have warmed market risk sentiment. Against this backdrop, BICO saw a significant surge in trading volume between April 16–17, with the price quickly rising from $0.022 to above $0.026, demonstrating short-term sentiment-driven momentum following mainstream assets. However, strong demand for options-based downside protection persists, suggesting investors remain cautious regarding this rally.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

From the daily chart perspective, BICO formed a base at $0.0202 at the end of March and started a steady uptrend in early April, with moving averages gradually showing a bullish alignment. Particularly on April 17, the high of $0.02621 was accompanied by a trading volume surge above 6.5 million, indicating strong bullish momentum. However, this price coincides with previous consolidation highs, suggesting some short-term pullback risk. Sustained trading above $0.0255 can be viewed as a confirmed breakout; otherwise, be cautious of the effectiveness of support near $0.0240 and $0.0230.

Institutional funds continue to flow into major crypto assets and Bitcoin ETFs, and corporate accumulation reflects long-term confidence in the crypto ecosystem. Despite a hawkish Fed policy environment where overall volatility may remain elevated, quality projects will receive greater attention. BICO, as an innovative token with ecosystem-enabling characteristics, still holds allocation value in the long run. It is advisable to focus on accumulating during consolidations, particularly around $0.022 and $0.0205 for medium- to long-term entry opportunities.

Biconomy

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Biconomy Price: BICO Live Price Today | BICO Market Cap & Chart Analysis | Bybit-eu

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BICO price today is 0.03, with a live price change of 8.14 in the last 24 hours. Convert, buy, sell and trade BICO on Bybit-eu.

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