Bitcoin (CRYPTO: BTC) has broken above the descending channel that defined the bear trend, yet U.S. spot ETFs bled $291.11 million on April 13 as institutions pull back.

BTC’s Technical Breakout

Bitcoin now tests the 100 EMA at $75,275—the first major EMA test since the breakdown began.

The SAR at $68,721 sits comfortably below, keeping the daily signal bullish. 

The 20 EMA at $70,826 and 50 EMA at $71,005 both sit beneath price and are beginning to slope upward—the first time this alignment has appeared since the peak.

Key support sits at $71,005 (50 EMA), then $70,826 (20 EMA), then $68,721 (SAR). Resistance clusters at $75,275 (100 EMA), then $80,000, then $83,218 (200 EMA).

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