Bitcoin’s Late-March ETF Rescue Masks a Deeper US Demand Problem
Market / Price
Bitcoin (BTC) price clung to $67,900 on April 1 after a late-March ETF inflow reversal rescued the asset from a third consecutive technical breakdown on the 8-hour chart. The rescue arrived just as the 20-period Exponential Moving Average (EMA), a trend indicator, was about to give way. However, the Coinbase Premium Index at its deepest negative reading year-to-date and a hidden bearish divergence on the RSI suggest the save may not hold unless $68,130 is reclaimed. Late-March ETF Comeback Saves Bitcoin’s 20-Period EMA Bitcoin spot ETF products recorded approximately $1
BTC
US
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