BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown 
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
Hopes for a US-Iran truce drove BTCUSD to rise dramatically. On April 11, it reached its highest point of $73,832, and it is currently trading at roughly $74438.
From April 7 to April 11, 2026, U.S. spot Bitcoin ETFs saw significant net inflows totaling USD 808.4 million, with BlackRock's IBIT leading the way, achieving a high of USD 278.5 million in daily gains on April 10. Although Grayscale's GBTC, an established fund, continued to see outflows, consistent institutional demand from investors such as IBIT and ARKB has driven total inflows since launch to around USD 58 billion. This increase has been further fueled by favorable economic developments, including advancements in the CLARITY Act and a decrease in global tensions.
|
Technicals |
CMP -$70856 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$71343 |
CMP> 55 EMA |
Bullish |
|
200- EMA |
$70107 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$71581 |
CMP< 365 EMA |
Bullish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $73200. Any break above targets $74500/$76200/$80000/$85500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
168.51 |
|
ADX |
Bullish |
Strength increased from 33.05 to 37 |
It is good to buy on dips around $73000, with an SL around $70000, for a TP of $80000.
