Bitcoin market inertia is dragging on, and a BTC price drop over the next fortnight would correspond to classic post-halving behavior.

Bitcoin 

BTC

$63,966 slid lower into the April 26 Wall Street open as familiar trading conditions kept bulls in check.

Bitcoin ETFs see “rough day”

Data from Cointelegraph Markets Pro and TradingView showed BTC price action coming full circle from highs of $65,300 into the daily close.

A stubborn trading range retained power over the market amid problematic macroeconomic data and weak performance from the United States spot Bitcoin exchange-traded funds (ETFs).

These saw net outflows in excess of $200 million the day prior, extinguishing what was initially a promising start to the week.

“Rough day across the board for the Cointucky derby and the Bitcoin ETFs yesterday,” James Seyffart, a dedicated ETF analyst at Bloomberg, wrote in coverage on X (formerly Twitter).

“5 ETFs saw outflows for a total of -$217 million. Franklin was only ETF with an inflow at $1.9 million.”

In his latest X analysis, however, Michaël van de Poppe, founder and CEO of trading firm MNTrading, argued that altcoins would diverge significantly to deliver long-awaited gains.
“Bitcoin is still stuck in a range. I don’t think we’ll see much happening from here for the coming 3-6 months. Slow sideways, perhaps a grind,” he predicted.