Bitcoin Price Gives Back Gains, But Structure Remains Bullish
By Aayush Jindal | 2026-04-20 02:32:59 | 5 months ago
Bitcoin price started a fresh decline from the $78,400 zone.
BTC is consolidating and might struggle to stay above the $73,500 support.
Bitcoin failed to stay above $76,500 and corrected gains.
The price is trading below $75,500 and the 100 hourly simple moving average.
There is a connecting bearish trend line forming with resistance at $75,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might extend losses if it stays below the $75,500 and $76,000 levels.
Bitcoin Price Dips Again Bitcoin price failed to stay above the $77,500 resistance zone.
BTC formed a top near $78,350 and started a fresh decline .
There was a move below the $76,500 level.
The price dipped below the $75,500 and $75,000 levels.
A low was formed at $73,637 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $78,343 swing high to the $73,637 low.
Bitcoin is now trading below $76,000 and the 100 hourly simple moving average .
If the price remains stable above $73,500, it could attempt a fresh increase.
Immediate resistance is near the $74,750 level.
The first key resistance is near the $75,500 level.
There is also a connecting bearish trend line forming with resistance at $75,600 on the hourly chart of the BTC/USD pair.
A close above the $75,500 resistance might send the price further higher.
In the stated case, the price could rise and test the $76,000 resistance and the 50% Fib retracement level of the downward move from the $78,343 swing high to the $73,637 low.
Any more gains might send the price toward the $77,200 level.
The next barrier for the bulls could be $78,000.
Downside Continuation In BTC? If Bitcoin fails to rise above the $75,500 resistance zone, it could start another decline.
Immediate support is near the $74,000 level.
The first major support is near the $73,500 level.
The next support is now near the $72,500 zone.
Any more losses might send the price toward the $71,200 support in the near term.
The main support now sits at $70,000, below which BTC might struggle to recover in the near term.
Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $74,000, followed by $73,500.
Major Resistance Levels – $75,500 and $76,000.
BTC is consolidating and might struggle to stay above the $73,500 support.
Bitcoin failed to stay above $76,500 and corrected gains.
The price is trading below $75,500 and the 100 hourly simple moving average.
There is a connecting bearish trend line forming with resistance at $75,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might extend losses if it stays below the $75,500 and $76,000 levels.
Bitcoin Price Dips Again Bitcoin price failed to stay above the $77,500 resistance zone.
BTC formed a top near $78,350 and started a fresh decline .
There was a move below the $76,500 level.
The price dipped below the $75,500 and $75,000 levels.
A low was formed at $73,637 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $78,343 swing high to the $73,637 low.
Bitcoin is now trading below $76,000 and the 100 hourly simple moving average .
If the price remains stable above $73,500, it could attempt a fresh increase.
Immediate resistance is near the $74,750 level.
The first key resistance is near the $75,500 level.
There is also a connecting bearish trend line forming with resistance at $75,600 on the hourly chart of the BTC/USD pair.
A close above the $75,500 resistance might send the price further higher.
In the stated case, the price could rise and test the $76,000 resistance and the 50% Fib retracement level of the downward move from the $78,343 swing high to the $73,637 low.
Any more gains might send the price toward the $77,200 level.
The next barrier for the bulls could be $78,000.
Downside Continuation In BTC? If Bitcoin fails to rise above the $75,500 resistance zone, it could start another decline.
Immediate support is near the $74,000 level.
The first major support is near the $73,500 level.
The next support is now near the $72,500 zone.
Any more losses might send the price toward the $71,200 support in the near term.
The main support now sits at $70,000, below which BTC might struggle to recover in the near term.
Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $74,000, followed by $73,500.
Major Resistance Levels – $75,500 and $76,000.
keywords : BTC|bitcoin|bitcoin price|btcusd|BTCUSDT|xbtusd
sentiment : NEUTRAL
category data : BTC | EXCHANGE | MARKET | TRADING | CRYPTOCURRENCY