Bitcoin

Spot

<h3 id="key-highlights">Key Highlights</h3>
<ul>
 <li>BTC maintains consolidation range between $78,000 and $79,500 following a recent peak at $79,480</li>
 <li>Critical support zone established at $78,250; breakthrough beyond $79,500 may trigger rally toward $80,000 territory</li>
 <li>BlackRock’s IBIT options open interest exceeds $27.6 billion, surpassing Deribit’s market share</li>
 <li>Spot Bitcoin ETFs attracted $824 million in net capital during April 20-24, marking four consecutive weeks of positive flows</li>
 <li>Strategy’s Bitcoin holdings reach 815,061 BTC, representing approximately $64 billion in value</li>
</ul>
<p>Bitcoin continues trading comfortably above the $78,000 threshold after establishing a recent peak at $79,480. The leading cryptocurrency is currently consolidating just above the 23.6% Fibonacci retracement zone calculated from the $77,145 to $79,480 upward movement.</p>
<figure class="wp-caption aligncenter"><img src="https://blockonomi.com/wp-content/uploads/2026/04/chart-4-3.webp" alt="Bitcoin (BTC) Price" width="1824" height="1248">
 <figcaption><a href="https://www.coingecko.com/en/coins/bitcoin?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price</a>
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</figure>
<p>The digital asset maintains its position above the 100-hour simple moving average. Technical analysis reveals a bullish trend line formation with support established near the $78,250 level on the hourly timeframe.</p>
<p>Immediate resistance emerges at $79,200, with the subsequent barrier positioned at $79,500. A decisive close above $79,500 would likely pave the way for testing the psychologically significant $80,000 mark. Should momentum continue, bullish traders may set their sights on $81,200, followed by $82,000.</p>
<p>Conversely, if Bitcoin encounters rejection at $79,500, a pullback toward $78,300 or lower becomes probable. Additional support levels are identified at $77,250, with more substantial floors at $76,500 and $75,000.</p>
<div class="embed-twitter">
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  <p>Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> is currently consolidating within a rising channel on the 4-hour chart. Following a rejection at the upper boundary, the price has returned to test the lower support at roughly $77,000.</p>
  <p>This level is the primary structural barrier for the current trend. For the… <a href="https://t.co/JPSVVMgATg" rel="noopener noreferrer nofollow">pic.twitter.com/JPSVVMgATg</a></p>
  <p>— Ali Charts (@alicharts) <a href="https://twitter.com/alicharts/status/2048447766045589758?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 26, 2026</a></p>
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<p>Market analyst Ali Charts highlighted on X that BTC is currently navigating within a rising channel pattern on the 4-hour timeframe. He identified the lower boundary near $77,000 as the critical structural level that must hold. According to his analysis, if buyers successfully defend this zone, Bitcoin could potentially advance toward $81,500 before targeting $84,500. However, a decisive close beneath $77,000 would invalidate the current short-term bullish structure.</p>
<h3 id="institutional-options-market-reaches-historic-levels">Institutional Options Market Reaches Historic Levels</h3>
<p>The options market for BlackRock’s iShares Bitcoin Trust (IBIT) has achieved a significant milestone, with open interest surpassing $27.6 billion based on Volmex data. This figure now eclipses the Bitcoin options volume on Deribit, the established offshore derivatives platform.</p>
<p>Call option positioning within the IBIT marketplace suggests institutional players are eyeing long-term price objectives around $110,000. These products are predominantly utilized by institutional allocators for portfolio hedging purposes and implementing covered call strategies.</p>
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
  <p>Spot Bitcoin ETFs See 824M USD Weekly Net Inflows, Fourth Straight Week of Gains</p>
  <p>From April 20 to April 24 (ET), spot Bitcoin ETFs recorded net inflows of $824 million, marking four consecutive weeks of net inflows. Spot Ethereum ETFs saw net inflows of $155 million, marking… <a href="https://t.co/W65rajQOCO" rel="noopener noreferrer nofollow">pic.twitter.com/W65rajQOCO</a></p>
  <p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/2048608080980824085?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 27, 2026</a></p>
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<p>Spot <a href="https://coincentral.com/bitcoin-btc-casinos/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs recorded $824 million in net capital inflows throughout the week spanning April 20-24. This achievement represents the fourth consecutive week of positive flows, as reported by Wu Blockchain on X.</p>
<h3 id="strategy-dominates-corporate-bitcoin-holdings">Strategy Dominates Corporate Bitcoin Holdings</h3>
<p>Strategy, under Michael Saylor’s leadership, maintains 815,061 BTC on its corporate balance sheet, currently valued near $64 billion. Additional publicly traded companies with significant Bitcoin positions include Coinbase, Tesla, and Block.</p>
<p>Morgan Stanley introduced its proprietary Bitcoin ETF in early April. Following 13 trading sessions, the fund accumulated $163 million in net assets.</p>
<p>Since the commencement of the Iran conflict on February 28, Bitcoin has appreciated 19%, outperforming both the S&amp;P 500 index and gold during this timeframe. BTC currently trades approximately 40% below its all-time high of $126,198, established in October 2025.</p>
<p>Tennessee has emerged as the second U.S. state to implement a ban on cryptocurrency ATMs. All existing kiosks must be decommissioned by July 1, 2026.</p>
<p>The post <a href="https://blockonomi.com/bitcoin-btc-consolidates-near-79k-as-etf-inflows-hit-four-week-streak/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Consolidates Near $79K as ETF Inflows Hit Four-Week Streak</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Bitcoin (BTC) Consolidates Near $79K as ETF Inflows Hit Four-Week Streak

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