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CryptoMediumUpdated•Originally published 8 April 2026•Updated 8 April 2026•

1 min read

Bitcoin Tests $70,000 Resistance as ETF Inflows Hit 6-Week High

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1Bitcoin price briefly touched $70,000 on April 7, 2026, within an ascending channel on the 4-hour chart.

about 2 months ago

Version History

1 additional source confirmed this story

Version 1about 2 months ago

What changed: The story was updated to include Bitfinex analyst warnings regarding the upcoming PCE inflation data on Thursday and its potential impact on price momentum.

Bitcoin (BTC) briefly touched the critical $70,000 psychological resistance level on April 7, 2026, fueled by a significant surge in institutional demand. Spot Bitcoin ETFs recorded net inflows of $471 million, marking the strongest single-day demand since late February and providing necessary liquidity. However, Bitfinex analysts have warned that upcoming inflation data could potentially stall this upward momentum. Market participants are specifically focused on the PCE inflation data scheduled for release this coming Thursday, a key metric for the Federal Reserve's interest rate path. The outcome of this report is expected to influence broader risk sentiment, potentially impacting Bitcoin's ability to maintain its current trajectory. Traders are now assessing whether institutional inflows will be sufficient to overcome these emerging macroeconomic risks and clear the $70,000 barrier.