[DigitalToday reporter Yesel Kim] Bitcoin has created an upside breakout zone on the daily chart in April 2026, but inflows into derivatives and spot markets have weakened compared with earlier levels.

On April 10 (local time), BeInCrypto reported that bitcoin was trading around $71,800 and has formed a breakout pattern on the daily chart with about 11 percent upside potential.

The daily chart shows a gentle rounded bottom pattern. The neckline is slightly rising. Bitcoin recovered gradually for several weeks after the late-March low and entered a correction after a local high on April 9. If this trend continues, the current zone could be interpreted as the handle, it said.

Momentum indicators left room for a correction. The relative strength index (RSI) was at 58.44. From March 4 to April 9, the price made lower highs but the RSI made higher highs, showing a hidden bearish divergence. This is a signal that the recent pullback could extend further.

Derivatives market enthusiasm has also cooled. Total open interest was $27.39 billion on April 8 when bitcoin was around $72,300, but it has fallen to $27.04 billion at a similar price now. Funding rates also eased to 0.002 percent from 0.007 percent. Leverage betting on a rise has fallen, and the force to push further gains has weakened.

Spot market buying strength has also weakened. In Glassnode data, the change in exchange net position was minus 80,352 BTC on March 26, then narrowed to minus 36,221 BTC on April 9. That implies exchange outflows fell by more than 50 percent. Exchange outflows were strong when bitcoin rose from $67,860 to $71,303 from March 22 to 25, but similar spot buying has not been confirmed at comparable price levels now.

A key price zone is $73,151 to $73,240. This range overlaps the rounded bottom neckline and the 0.618 Fibonacci retracement. If bitcoin closes above $73,240 on a daily basis, a breakout would be confirmed and the target would be about 11 percent higher at $81,720.

If it fails to reclaim $73,151, the correction could deepen. The first support level is $70,065. Below that, $64,920 was presented as the level at which the rising structure breaks down. If the breakout fails, bitcoin could continue to trade in a range below the neckline for the time being, the outlet reported.