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Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows

BTCUSD  struggles to close above $70000 despite strong ETF inflows. It reached a high of $70355 yesterday, and is currently trading around $69150

 

From March 30 to April 2, 2026, U.S. spot Bitcoin ETFs experienced a turbulent and ultimately negative trading period, with total net outflows of around 165.4 million USD over the shortened market week. With combined inflows of 186.9 million USD during the first two days, the trend suffered a dramatic reversal on April 1 with a sharp 173.7 million USD exit led by major funds like IBIT and FBTC. The week ended with a small increase of 9 million USD on April 2 as small inflows into FBTC and HODL were mostly outweighed by continuous pressure on BlackRock's IBIT, underlining a cautious and erratic institutional demand for Bitcoin against a shifting market mood.

 

Technicals

CMP -$69150

Trend

4- Hour chart

Value

 

 

55 EMA

$67973

CMP> 55 EMA

Bullish

200- EMA

$69095

CMP <200- EMA

Bearish

365- EMA

$71485

CMP <365 EMA

Bearish

 Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500. Any break above targets $74500/$76200/$80000/$85500.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

93

ADX

Neutral

 

It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.

 

 

 

 

 

 

 

 

 

 

 

 

 

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