{"id":96155,"date":"2026-04-14T12:30:32","date_gmt":"2026-04-14T09:30:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96155"},"modified":"2026-04-14T12:35:23","modified_gmt":"2026-04-14T09:35:23","slug":"bitcoin-surpasses-74000-mark","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-surpasses-74000-mark\/","title":{"rendered":"Bitcoin Surpasses $74,000 Mark"},"content":{"rendered":"<p>On the night of April 14, the leading cryptocurrency surpassed the $74,000 mark for the first time since mid-last month. Over the past 24 hours, the coin gained 5%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b1076d6f1d9ab99e-1758996316648703.webp\" alt=\"image\" class=\"wp-image-278408\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart from Binance. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, Bitcoin is trading around $74,700.<\/p>\n<p>Ethereum rose to $2,375, increasing by 8% over 24 hours.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-053c2053892c0d6e-1758996372601023.webp\" alt=\"image\" class=\"wp-image-278413\"\/><figcaption class=\"wp-element-caption\">15-minute ETH\/USDT chart from Binance. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Other top-10 assets by market capitalization also moved into the &#8220;green&#8221; zone. HYPE increased by 8%, SOL by 4.5%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-45e919c7ded562aa-1758996411120527.webp\" alt=\"image\" class=\"wp-image-278412\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a>.<\/figcaption><\/figure>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">The Cryptocurrency Fear and Greed Index<\/a> rose to 2. Although the indicator remains in the zone of extreme lows, it is almost twice as high as it was a week earlier.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-91f27de644858763-1758996296588182.webp\" alt=\"image\" class=\"wp-image-278410\"\/><figcaption class=\"wp-element-caption\">Cryptocurrency Fear and Greed Index. Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative<\/a>.<\/figcaption><\/figure>\n<p>The crypto market rally is occurring despite uncertainty in the Middle East. Even <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-falls-below-71000-amidst-trumps-decision-to-block-hormuz-strait\">reports of a &#8220;double&#8221; blockade<\/a> of the Strait of Hormuz by both the US and Iran could not hold back the growth for long.<\/p>\n<p>Several observers pointed to large volumes of short position liquidations, especially around the $73,500 zone. The next significant liquidity cluster is at the $75,500 level.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">GM! <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> Liquidation Heatmap (24 Hour) <\/p>\n<p>High leverage liquidity. <\/p>\n<p>\ud83e\uddf2 75.5k <\/p>\n<p>\ud83e\uddf2 73.5k <a href=\"https:\/\/t.co\/iKmUs0to9L\">pic.twitter.com\/iKmUs0to9L<\/a><\/p>\n<p>\u2014 CoinGlass (@coinglass_com) <a href=\"https:\/\/twitter.com\/coinglass_com\/status\/2043958369200005222?ref_src=twsrc%5Etfw\">April 14, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Coinglass, over the past 24 hours, shorts totaling $440 million were forcibly closed.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-634c9164cf734f43-1758996304459951.webp\" alt=\"image\" class=\"wp-image-278409\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/liquidations\">Coinglass<\/a>.<\/figcaption><\/figure>\n<p>Despite the price recovery, on April 13, spot <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a> based on the leading cryptocurrency <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">recorded<\/a> an outflow of $291 million. Ethereum funds <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">attracted<\/a> a modest $9 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-0e6cfedfe346ae48-1758996315265996.webp\" alt=\"image\" class=\"wp-image-278411\"\/><figcaption class=\"wp-element-caption\">Source: SoSoValue.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Analysts&#8217; Opinions<\/h2>\n<p>The founder of MN Trading, Micha\u00ebl van de Poppe, highlighted the importance of breaking above $75,000. In such a scenario, and with sufficient trading volume, Bitcoin could rise to $80,000-85,000 as early as April, he believes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> aims to attack the highs and is consolidating around $75K.<\/p>\n<p>If it blasts through $75K with volume, we&#8217;ll be in for $80-85K this month, as that&#8217;s where the higher timeframe resistances are.<\/p>\n<p>Yesterday I&#8217;ve made an analysis with several scenarios that I&#8217;m looking for.\u2026 <a href=\"https:\/\/t.co\/zq47n6NhXk\">pic.twitter.com\/zq47n6NhXk<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/2043956679553794161?ref_src=twsrc%5Etfw\">April 14, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Clearly, the markets have turned upwards, gaining strength overall despite the uncertainty in the Middle East. I assume the chances of realizing [a positive scenario] increase if at least the $72,000 level holds as support,&#8221; van de Poppe noted.<\/p>\n<\/blockquote>\n<p>According to observations by the analyst known as Ardi, a large volume of liquidity has accumulated around the $76,000 zone, which has been there since March.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d24a875d11fc1ea6-1758996286109389.webp\" alt=\"image\" class=\"wp-image-278407\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/x.com\/ArdiNSC\/status\/2043965909979803732\">X<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;It is in this area that short positions have been actively opened recently, and early buyers suffered a crushing defeat in the collapse. If the price can break through this zone and consolidate above it, the path of least resistance is a squeeze upwards,&#8221; he added.<\/p>\n<\/blockquote>\n<p>CryptoQuant analyst Axel Adler Jr. pointed out the negative issuance-adjusted demand for Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Negative issuance-adjusted demand means the market has not absorbed new BTC fast enough over the past 30 days. Today\u2019s move was driven by short liquidations rather than sustained spot demand. <a href=\"https:\/\/t.co\/YGC4hpmRjN\">pic.twitter.com\/YGC4hpmRjN<\/a><\/p>\n<p>\u2014 Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) <a href=\"https:\/\/twitter.com\/AxelAdlerJr\/status\/2043958205345054964?ref_src=twsrc%5Etfw\">April 14, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This indicates that the market has not absorbed new coins quickly enough over the past 30 days. Therefore, the recent rally was caused by short-term liquidations rather than sustained spot demand, the expert believes.<\/p>\n<p>As reported in CryptoQuant, <a href=\"https:\/\/forklog.com\/en\/news\/cryptoquant-bitcoin-rally-driven-by-new-long-positions-in-perpetual-futures-market\">the rise<\/a> in Bitcoin and Ethereum was linked to the opening of new long positions in the perpetual futures market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the night of April 14, the leading cryptocurrency surpassed the $74,000 mark for the first time since mid-last month. Over the past 24 hours, the coin gained 5%.<\/p>\n","protected":false},"author":1,"featured_media":96156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin surpassed $74,000, gaining 5% in 24 hours.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1145],"class_list":["post-96155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin surpassed $74,000, gaining 5% in 24 hours.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96155"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96155\/revisions"}],"predecessor-version":[{"id":96157,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96155\/revisions\/96157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96156"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}