Crypto
The single chart for bitcoin long term investors shows bulls are fine
ForexliveApr 23, 2026
Bitcoin has demonstrated significant strength this week, supported by substantial institutional demand. Current data shows ETF inflows have reached $1.5 billion, a trend that contributed to over $200 million in short liquidations and provided strong upward price pressure. This momentum has allowed Bitcoin to climb to its highest price level since early February, marking a notable recovery in market sentiment. From a technical perspective, as I wrote earlier this week, bulls were currently testing a key breakout zone, identifying $78,250 as the pivotal resistance level, with a path to $80k in BTC futures (reached yesterday).For a long time now, Bitcoin is no longer just a crypto story. It is a Wall Street product story too.BlackRock’s iShares Bitcoin Trust, IBIT, has become one of the biggest bridges between traditional finance and Bitcoin, giving investors an easy way to gain spot BTC exposure through a regular brokerage account. For many market participants, this ETF is now one of the clearest signs that Bitcoin has moved deeper into the mainstream.That matters because IBIT is not just another ticker. It has become a major liquidity hub, a tool for institutional access, and a symbol of how Bitcoin is being absorbed into modern portfolio construction. For crypto natives, that may not replace the appeal of self-custody. But for traditional investors, it has changed the game.Before IBIT, many funds were structurally restricted from buying Bitcoin.With BlackRock’s involvement, that changed. Pension funds, wealth managers, retirement accounts - all these institutional players can now gain exposure without stepping outside regulatory frameworks. This is a major shift in how Bitcoin fits into modern portfolio construction.IBIT Technical AnalysisSo, in my video below, I am looking at IBIT on the daily chart of today's crypto technical analysis video at investingLive.comRemember, whatever forecasts including this bitcoin prediction and/or analysis that you read at investingLive.com - are opinions, not promises. You must always do your own research beyond the personal opinions and educational content, like this article, that you read. Invest and/or trade bitcoin at your own risk only. This article was written by Itai Levitan at investinglive.com.
