🟠 BITCOIN $BTC
ETF Demand vs. Macro Headwinds
Bullish fuel:
· Spot BTC ETFs saw nearly $1 billion in net inflows this past week — one of the strongest demand runs in recent months
· Corporate & institutional BTC accumulation now outpaces new mining supply by 2.8x — a structural supply shock
· Bitcoin 2026 conference could drop regulatory surprises (Apr 27–29)
⚠️ The risks:
· FOMC has historically triggered pullbacks — last meeting BTC dropped 9%
· The 200-day MA sits at $83,000. Until BTC breaks and holds above that, institutions still read this as a bear structure
· Polymarket shows 75–77% probability of a drop on April 20
Key levels: Support $73,600–70,800 | Resistance $75,500–78,000
The trigger: A sustained close above $83,000 is the official start signal for the next leg.