A seasoned analyst shared his expectations regarding Bitcoin (BTC) and the broader crypto market. Assessing the current total cryptocurrency market value, there might be an end to the decline period soon, with the possibility of an upward trend. The analyst anticipates a rise in BTC pairs in the coming week.

Monthly Bitcoin closing is imminent, along with the FOMC meeting to decide on interest rates - both crucial events that could influence the market. Predictions suggest BTC price might dip below $60,000, potentially reaching $55,000 to $58,000 before stabilizing and reversing the trend. Following this phase, Ethereum could attract significant attention in May.

To establish a base level for BTC, factors like the interest rate decision, US unemployment data, and a hearing on the former Binance CEO's sentence will play essential roles. The recent news of the former CEO receiving a 4-month prison sentence, lower than expectations, could impact the market positively.

While this provides valuable insights, it's essential to note that this is not investment advice.