Bitcoin met the middle of April 2026 at a key psychological mark of $74,000–$75,000. It seemed that everything was fine, however, technical analysis shows alarming signals: a triple bearish divergence is forming on the RSI indicator, and the fear and greed index has been stuck in the "Extreme Fear" zone for more than 46 days in a row. Nevertheless, the events of 2026 have completely broken the usual 4-year halving cycle. Now, the main driver of the price has become the capital flows into spot ETFs, which are withdrawing from the market a volume of coins that far exceeds the miners' issuance (about $40 million per day against $1 billion in institutional inflows). The entire market, including long-term holders and large players, has switched to accumulation mode, as evidenced by the record volume of stablecoins and the decline of the MVRV Z-Score into negative territory. The paradox is that technical metrics indicate a high risk of correction below $65,000, but the macroeconomic background with expectations of a decrease in Fed rates and a weakening DXY index creates a strong bullish impulse. Key resistance has settled at $80,000: its breakthrough will signal a move to new heights. #BTC #bitcoin #CryptoMarket
