Bitcoin Price Prediction: BTC Holds Rising Channel As $598M ETF Inflow Targets $74,000
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BTC $72,896 (Apr 11) holding a 30‑min rising channel; daily price above 20‑day EMA $69,930 and 50‑day EMA $70,709, with 100‑day $75,397 and 200‑day $83,521 as resistance — $74,000 flagged as the key level. Spot BTC ETFs recorded $358.17M (Apr 9) + $240.42M (Apr 10) = $598.59M inflows, taking total ETF net assets to $94.96B, underscoring ETF-driven crypto adoption and fundraising. Derivatives: open interest up 4.25% to $54.67B; 24h liquidations hit shorts $42.54M vs longs $7.65M, implying short-squeeze risk and bullish pressure in crypto markets.
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- BTC trades at $72,896, down 0.14%, holding the 30-min rising channel with RSI at 51.70 and MACD histogram positive at 9.37.
- Spot ETFs pulled $240.42M on April 10 after $358.17M on April 9, pushing total net assets to $94.96B.
- OI rose 4.25% to $54.67B with shorts absorbing $42.54M in 24h liquidations against $7.65M for longs.
BTC trades at $72,896 on April 11, holding inside a rising 30-minute channel while the daily sits above three EMAs and spot ETFs post back-to-back inflow days worth $598M combined.
BTC Daily Chart: $74,000 Is The Only Level That Matters
The 20-day EMA at $69,930 and 50-day at $70,709 have crossed below price and now act as support. The SAR at $66,478 sits further below. Above, the 100-day at $75,397 and 200-day at $83,521 remain as resistance.
The ascending wedge from the February low at…
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Coins
$ 64.31K
+0.55%$ 0.00187
+3.70%Predictions Markets
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