{"id":25798,"date":"2026-04-14T08:52:52","date_gmt":"2026-04-14T08:52:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-bitcoin-price-break-out-of-the-ascending-channel-toward-74k\/"},"modified":"2026-04-14T08:53:03","modified_gmt":"2026-04-14T08:53:03","slug":"can-bitcoin-price-break-out-of-the-ascending-channel-toward-74k","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-bitcoin-price-break-out-of-the-ascending-channel-toward-74k\/","title":{"rendered":"Can Bitcoin price break out of the ascending channel toward $74K?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin is trading at $72,330 on April 13, pressing the upper trendline of a 4H ascending channel that has been building since the late March lows near $65,000. Spot Bitcoin ETF inflows of $786 million last week, led by BlackRock\u2019s IBIT at $612 million across five trading days, provide the structural demand backdrop for the move.<\/p>\n<div id=\"cn-block-summary-block_833cc2dcb02899e8169b5c1ac95fe69a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price is at $72,330 on April 13, up 0.65% on the session, pressing the upper boundary of a 4H ascending channel defined by two parallel upward-sloping trendlines from the March lows near $65,000.<\/li>\n<li>The SMA 20 at $72,056 is acting as immediate support, with the SMA 50 at $70,980, SMA 100 at $69,060, and SMA 200 at $69,877 all stacked below price in a bullish ribbon configuration.<\/li>\n<li>A confirmed 4H close above $72,600 targets $74,000 then $76,000; a daily close below the annotated $70,000 support level invalidates the ascending channel structure.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin (BTC) price is trading at $72,330 on April 13, up 0.65% on the 4H chart, as it presses the upper trendline of an ascending channel in place since the late March lows near $65,000. The MA ribbon reflects the recovery: SMA 20 at $72,056, SMA 50 at $70,980, SMA 100 at $69,060, and SMA 200 at $69,877 are all stacked in order beneath current price, consistent with a recovering trend structure. The 4H MACD histogram reads at -107.94, still negative but trending less so across recent sessions, indicating momentum is improving rather than reversing outright.<\/p>\n<h1 class=\"wp-block-heading\">Ascending Channel Tests Upper Boundary With Bullish SMA Ribbon Below<\/h1>\n<p>The 4H chart shows Bitcoin constructing a textbook ascending channel since the late March lows, with consecutive higher lows building from the $65,000 zone as the MA ribbon progressively curled into a bullish order. The upper boundary of the channel aligns with the $72,600 session high printed April 13. The annotated $70,000 level sits near the channel\u2019s lower boundary and has acted as the structural floor throughout the move.<\/p>\n<figure class=\"wp-block-image size-full\"><\/figure>\n<p>The negative MACD histogram at -107.94 adds a layer of caution: the session is recovering but the 4H momentum cross is not yet confirmed to the upside, meaning a sustained push above $72,600 would need volume to back it. Price has recovered from the Sunday gap-down triggered by the collapse of U.S.-Iran peace talks and President Trump\u2019s Strait of Hormuz blockade order, which briefly pressured Bitcoin to $70,741 at the Monday open.<\/p>\n<p>Analyst Michael van de Poppe of MN Trading Capital wrote on X on April 4 that \u201cthe longer the range persists, the heavier the breakout becomes,\u201d adding that he expected a push above $71,000. Bitcoin has since extended well past that level within the ascending channel.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Key Levels: Support, Resistance, and Price Targets<\/h2>\n<p>The immediate resistance is $72,600, the upper channel trendline and session high. A confirmed 4H close above it would clear the channel boundary and open the path toward $74,000, the next key resistance. An extended move above $74,000 targets $76,000, which aligns with the neckline of the broader double bottom structure on the daily timeframe.<\/p>\n<p>On the downside, the SMA 20 at $72,056 is the first support. A 4H close below it shifts focus to the SMA 50 at $70,980, and then to $70,000, the annotated structural floor on the chart. A daily close below $70,000 invalidates the ascending channel pattern and opens $69,060 as the next support.<\/p>\n<p>Invalidation: a daily close below $70,000.<\/p>\n<h2 class=\"wp-block-heading\">On-Chain and Market Data Context<\/h2>\n<p>Spot Bitcoin ETFs drew $786 million in total net inflows last week, with BlackRock\u2019s IBIT accounting for $612 million of that across five trading days. IBIT now holds 790,808 BTC worth approximately $57.2 billion, and year-to-date net inflows sit at $1.5 billion despite a 26% price decline from the 2026 peak near $97,000, per Arkham data. On April 9, a single session of $358 million in net inflows, driven by IBIT\u2019s $269 million contribution, reversed two consecutive days of outflows and confirmed renewed institutional demand at current price levels.<\/p>\n<h2 class=\"wp-block-heading\">Macro Context: Geopolitical Pressure Into FOMC<\/h2>\n<p>The Iran escalation and Friday\u2019s CPI print, which showed headline inflation rising to 3.3% in March, are the key headwinds. Bitcoin opened April 13 at $70,741 before recovering intraday, holding the ascending channel structure above $70,000. The next critical macro event is the FOMC meeting on April 29. Rate cut probability <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/etf\/bitcoin\" target=\"_blank\">rose<\/a> from 11.8% a week prior to 29.8% following the temporary ceasefire on April 9, providing a monetary tailwind that helps explain the speed of the institutional ETF accumulation at current levels.<\/p>\n<p>If Bitcoin holds the ascending channel and secures a 4H close above $72,600, $74,000 becomes the immediate target, with $76,000 as the extended objective. A loss of $70,000 on a daily close basis shifts the near-term thesis bearish.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is trading at $72,330 on April 13, pressing the upper trendline of a 4H ascending channel that has been building since the late March lows near $65,000. Spot Bitcoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":18611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25798"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25798\/revisions"}],"predecessor-version":[{"id":25799,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25798\/revisions\/25799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/18611"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}