$BTC It was up 0.25% on April 16th, and its recent gains have hit a wall. Holders have secured a profit of $1.14 billion in a single session, the descending channel border is above $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
A descending channel from the October peak near $128,000 defines the entire chart. $BTC has risen nearly 10% this month from its February lows near $62,000, and is approaching the top of the $75,000-$76,000 channel where the 100-day EMA of $75,266 is at the same level, with both resistance layers overlapping.
The 20-day EMA at $71,550 and 50-day EMA at $71,297 are below the price and are acting as support. A SAR of $70,650 adds a third layer underneath. If the day closes above $75,266, the channel and 100-day EMA will be cleared at the same time, and the next target will be the 200-day EMA at $83,051. Losing 50 days at $71,297 would result in a SAR of $70,650, with the February low close to $62,000.
Key levels for April 17th:
- SAR support: $70,650
- 50-day EMA: $71,297
- 20-day EMA: $71,550
- Channel Boundary / 100-day EMA: $75,266
- 200-day EMA: $83,051
- February low: $62,000
why is this so $BTC Stalled at $75,000?
CryptoQuant’s on-chain data shows that the 30-day EMA for Realized PNL is 1.16, confirming that holders are bullish sellers. On Tuesday, $BTC At one point, it reached $76,000, with investors locking in realized profits of $1.14 billion in a single session. Analysts at CryptoQuant estimate the key figure at $78,100 and say that a sustained rise above that level will require the market to absorb indirect supply first.
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Spot demand is uneven. According to Glassnode, buyers are active on Binance, but not on Coinbase or other venues. Funding rates remain slightly negative, meaning traders are not leaning in for long yet. Deribit options exhibit a put bias across all time frames. Giottus CEO Vikram Subburaj said directly that the market is not overheating, it is consolidating.
Bitcoin ETF withdraws $186 million on April 15th, BlackRock leads again
The Bitcoin Spot ETF recorded $186.03 million on April 15, led by BlackRock’s IBIT with $291.86 million and Morgan Stanley’s MSBT with $19.32 million. Fidelity’s FBTC saw an outflow of $47.35 million, while Ark’s ARKB experienced a loss of $42.22 million.
Total net assets are $97.57 billion, equivalent to 6.51% of Bitcoin’s market capitalization. The $186 million followed April 14’s $411.5 million, confirming that institutional demand remains strong at current levels despite profit-taking pressures.
$BTC Price prediction: Outlook for April 17th
- Upwards: A daily close above $75,266 clears the channel boundary and the 100-day EMA together. ETF inflows have remained above $200 million per day, indicating that financial institutions are absorbing the supply of profit-taking. CryptoQuant’s $78,100 threshold is the level that confirms overhead supply has cleared, and the target above it is the 200-day EMA of $83,051.
- Disadvantages: Profit taking continues at $75,000, channel boundary holds, $BTC It falls towards the 50-day EMA of $71,297. Funding interest rates remain negative, and Deribit is increasing its bias towards consolidation. A daily close below the SAR of $70,650 will start the February low around $62,000.
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