Bitcoin (BTC) is up 10.3% to $93,555 this
week, with most gains recorded on 22 April. The cryptocurrency has successfully
lifted off above the key resistance range at $90,000–92,000. If prices remain
above this level, a rally towards the $150,000–200,000 range becomes
increasingly likely.
Investor sentiment has turned decisively
positive. Spot Bitcoin ETFs—IBIT from BlackRock, FBTC from Fidelity, and GBTC
from Grayscale—reported net inflows of $43.5 million last week, a significant
reversal from $503.3 million in net outflows the week prior.