Bitcoin value prediction: Bitcoin reaches 3-week excessive as US-Iran ceasefire lifts threat belongings

• BTC is buying and selling at $71,879 after hitting a three-week excessive of $72,738 following the ceasefire announcement between the US and Iran.
• The Spot Bitcoin ETF noticed inflows of $471.3 million on Monday, reversing outflows of practically $300 million from the earlier week.
• Quantity elevated by 45.88% to $81.57 billion and OI elevated by 5.18% to $51.4 billion as shorts absorbed $215.08 million in 24-hour liquidation.

Bitcoin traded at $71,879 as of April 8, barely retreating from its three-week excessive of $72,738 after america and Iran agreed to a two-week ceasefire. All 4 EMAs are nonetheless trending down overhead, with solely the 20-day $69,070 having recovered to this point.

All 4 EMAs nonetheless overhead

BTC surged as we speak to interrupt above the 20-day EMA of $69,070 and 50-day EMA of $70,502, however the value stays nicely above the 100-day EMA of $75,587 and 200-day $83,862. The bullish market help band lies between $79,289 and $79,673, indicating the zone the place this downtrend must be reversed earlier than the each day construction turns bullish.

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The rally from February’s lows close to $54,000 led to a collection of recent lows via March, however every rally stalled earlier than reaching the subsequent EMA. Right this moment’s candlestick examined $72,113 through the day earlier than disappearing. An in depth above the 50-day line at $70,502 would mark the primary sustained EMA restoration since January, however the true check is the 100-day line at $75,587, about 5% above the present value.

BTC main ranges

• 20-day EMA: $69,070
• 50-day EMA: $70,502
• 100-day EMA: $75,587
• Bull market help band: $79,289 to $79,673
• 200-day EMA: $83,862

truce spike

President Trump agreed to halt bombing of Iran for 2 weeks, oil costs fell and threat belongings rose sharply. BTC surged 4.9% to $72,738 earlier than settling round $71,879. In the identical transfer, Ether additionally rose 7.4% to $2,273.

This improve is in step with modifications in ETF flows. The Spot Bitcoin ETF recorded web inflows of $471.3 million on Monday, up from $22.3 million the earlier week. This reversed practically $300 million in outflows from the earlier week. Internet inflows totaled roughly $1.3 billion in March, stabilizing after 4 consecutive months of outflows that started in November 2025. Promoting strain from institutional traders is easing, however satisfied shopping for has not returned to a big scale.

$215 million in short-term liquidation

Quantity elevated by 45.88% to $81.57 billion, and OI elevated by 5.18% to $51.4 billion. New funds are flowing in on the again of a surge in ceasefires. Choices buying and selling quantity exploded by 72.16% to $6.21 billion, and choice OI elevated by 4.50% to $34.17 billion.

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The 24-hour lengthy/quick ratio is trending at 1.0717, indicating a slight development in the direction of lengthy. In 24 hours, shorts misplaced $215.08 million in liquidations, whereas longs misplaced simply $30.58 million. This 7-to-1 ratio confirms that the ceasefire transfer was a real quick squeeze. We see the identical factor with the 12-hour knowledge. Brief liquidations are $203.35 million, whereas lengthy liquidations are $11.58 million. Sellers have been hit laborious by this, and the $51.4 billion OI nonetheless has room to develop in comparison with its peak of over $80 billion in late 2024.