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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