Bitcoin Price Prediction: $597M In Two-Day ETF Inflows Cannot Move BTC Past $75,266
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BTC up ~0.25% (Apr 16) after a ~10% rally from Feb lows near $62,000; key technical resistance at $75,266 where the 100‑day EMA and descending channel boundary converge. Holders realized $1.14B in profits in a single session when BTC touched ~$76,000 — largest single-day profit-taking of the year, raising near‑term pullback risk. Spot ETF activity on Apr 15: net inflows $186.03M (BlackRock IBIT led with $291.86M); total spot ETF net assets $97.57B — institutional adoption supports demand but hasn’t cleared resistance.
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- BTC is up 0.24%, with the 100-day EMA at $75,266 and descending channel boundary converging overhead.
- Holders realized $1.14B in profits on Tuesday as BTC touched $76,000, the largest single-day profit-taking reading of the year.
- Spot ETFs pulled $186.03M on April 15, led by BlackRock’s IBIT at $291.86M, with total net assets at $97.57B.
BTC is up 0.25% on April 16, and the recent rally has hit a wall. Holders just locked in $1.14B in profits in a single session, the descending channel boundary sits overhead at $75,266, and the 100-day EMA is at the exact same level.
BTC Daily Chart: Channel Boundary And 100-Day EMA Both At $75,266
The descending channel from the October peak near $128,000 defines the whole chart. BTC has rallied nearly 10% this month from the February low near $62,000, pressing into the channel’s …
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