Bitcoin DATs: Capitulate Hard in April

Bitcoin DATs capitulated hard in April, marking inflections that have proven very bullish historically, though limited samples leave room for debate on whether this cycle mirrors the past, as noted by Charles Edwards of Capriole Investments. Traders eye this shift against broader crypto market crash recoveries, weaving in BTC price prediction models that highlight resilience despite volatility.

Zooming into the 4-hour chart, Bitcoin trades at $77066.18 within a bullish structure, hugging the EMA50 at $76754.37 as immediate support while the EMA200 at $74223.75 anchors longer-term floors. Momentum holds neutral with RSI at 53.64, but the MACD's golden cross at -149.12 screams underlying strength, even as price dances inside Bollinger Bands—testing upper resistance at $77532.91 without exhaustion. Confluence here points to a tactical pullback toward that EMA50 before bulls reload for continuation, especially if volatility squeezes tighter around the lower band at $75369.18, mirroring setups that crushed shorts in recent months and fueling BTC hype in macro plays.