bito

#BTC in at Critical Level: Short-Term Trade Setup for Quick Gains

Bitcoin (BTC/USDT) is currently trading at $82,761.97, hovering near a key support zone. The 15-minute chart indicates potential breakout or breakdown scenarios, offering traders short-term opportunities.

A bullish move above $83,200 could confirm upward momentum, targeting $83,500, $83,800, and $84,200, with a stop-loss at $82,800 to minimize risk. Conversely, a bearish breakdown below $82,200 may push BTC lower toward $81,900, $81,600, and $81,300, with a stop-loss set at $82,500.

Traders should watch volume confirmation to avoid false breakouts and manage risk effectively.
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$BTC

Collapse of flows into spot Bitcoin funds.. Are investors losing confidence?

BTC/USD
2.20%

BITO
-1.82%

Spot Bitcoin exchange-traded funds in the United States have taken a severe hit, with net flows dropping by 73.6% last week, ending a 10-day streak of positive flows that totaled $1.07 billion.
According to SoSoValue data, the funds recorded net flows of only $196.48 million, amid a sudden shift in investor sentiment on Friday, which saw outflows of $93.16 million.
This decline came with the worst quarterly performance for Bitcoin since 2018, as it fell by 11.86% to $81,939, raising concerns about continued selling pressure.
This contraction is attributed to increasing economic tensions, including impending reciprocal tariffs on April 2, and rising inflation indicators that may push the Federal Reserve to delay interest rate cuts.
So, is Bitcoin heading towards breaking the $80,000 barrier, or will investors regain confidence soon?
#etf #investment #bito #BTCUSDT
$BTC
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