Crypto ETF Inflows Surge Amid Improved Sentiment
- Inflows Rebound: Following the ceasefire announcement between the US and Iran, cryptocurrency ETFs experienced a significant rebound in inflows, with nearly $1 billion in net inflows over the past week, marking the highest five-day performance since January 16, indicating improved investor sentiment.
- Bitcoin ETF Performance: Data from SoSoValue shows that on April 17, Bitcoin ETFs saw net inflows exceeding $663 million, with BlackRock's IBIT attracting $284 million and Fidelity's FBTC following closely with $163.4 million, reflecting strong demand for Bitcoin in the market.
- Ethereum ETF Surge: Ethereum ETFs recorded net inflows of $275.83 million in the past week, the highest since January 16, with Fidelity's FETH leading the charge by attracting over $84 million, showcasing renewed investor confidence in Ethereum.
- Market Uncertainty: Despite the strong inflow performance, escalating tensions in the Middle East and conflicting statements from Trump and Iranian officials may impact the cryptocurrency market, prompting investors to remain cautious amid future uncertainties.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 62918.179 | 66712.03 | 70745.299 | 74539.15 | 78572.419 | 82366.27 | 86399.539 |
| Fibonacci | 66712.03 | 69701.99 | 71549.19 | 74539.15 | 77529.11 | 79376.31 | 82366.27 |
About BTC
About the author
