Bitcoin: Closes April Up 11%

Bitcoin just wrapped April with an 11% surge, shattering a three-month losing streak fueled by robust institutional inflows. Spot Bitcoin ETFs raked in over $2.4 billion this month, underscoring how big money is piling into BTC despite whispers of a 'sell in May' pullback. Historical data from the past year shows similar monthly returns often precede extended rallies, especially when ETF-driven demand counters crypto market crash fears. While some eye the seasonal dip, the momentum here ties into broader hype around assets like TAO in the decentralized AI space, potentially amplifying BTC price prediction models for Q2.

Zooming into the 4-hour chart, Bitcoin trades at $77,341.59 within a bullish structure, hugging the EMA50 at $76,779.29 as immediate support while the EMA200 at $74,246.80 anchors the longer-term floor. MACD flashes a golden cross with a reading of -72.96, signaling building upside conviction even as RSI at 56.26 stays neutral, avoiding overbought traps. Price action squeezes inside Bollinger Bands, testing upper resistance at $77,627.26—a level where volatility often exhausts before retracements to the lower support of $75,331.32; confluence here points to a tactical dip buying opportunity if we see a healthy pullback, aligning with institutional flows to propel BTC toward fresh highs.