After… pic.twitter.com/q2pONlADq2
— Michaël van de Poppe (@CryptoMichNL) April 27, 2026
What supports this theory?
Bitcoin’s relative strength index (RSI) now reads 53.40, while the MACD (Moving Average Convergence Divergence) remains positive and rising. Both indicators point to a shift into the valued region and a resultant rise in buying pressure.
Additionally, Bitcoin investment products saw heightened demand last week with $933 million in inflows. BlakRock’s IBIT recorded a 9-day inflow streak of $983 million, marking its most dominant week in 6 months.
Even more, Congressman Nick Begich III has announced the revival of a Bitcoin strategic reserve as the US strives to position itself as a Bitcoin hub.
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