I’ve been tracking Bitcoin’s price, and it looks like we’re seeing a bit of a recovery after it dipped to around $73,650. Currently, the price is stabilizing, but it might have trouble breaking through the $76,500 level. It’s acting as a pretty strong resistance point right now.
- Bitcoin managed to form a base above $74,000 and started a recovery wave.
- The price is trading above $75,000 and the 100 hourly simple moving average.
- There was a break above a bearish trend line with resistance at $75,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair might gain bullish momentum if it settles above the $76,500 zone.
Bitcoin Price Aims Higher
The price of Bitcoin continued to fall, dropping below the $75,500 level. It briefly dipped below $74,000, but then buyers stepped in. The lowest price reached was $73,637, and now Bitcoin is trying to regain some ground.
Bitcoin’s price recently climbed above $74,500 and $75,000. It also broke past a downward-trending resistance level around $75,200, as seen on an hourly chart. This pushed the price beyond the halfway point of its recent dip from a high of $78,344 to a low of $73,637.
Bitcoin is currently trading for over $75,000 and is also above its 100-hour moving average. If it can stay above $75,000, it might try to climb higher. The next significant price level to watch is around $76,500, which also corresponds to a key technical indicator suggesting potential resistance.
The price is currently facing resistance around $77,250. If the price breaks above this level, it could climb higher, potentially reaching $78,000 and then $78,500. Beyond that, $80,000 represents the next significant challenge for buyers.
Another Decline In BTC?
If Bitcoin doesn’t break past $76,500, its price might start to fall again. Currently, it’s finding some support around $75,400, which could prevent a larger drop.
Currently, the price is finding support around $75,000, with another level at $74,250. If the price continues to fall, it could soon test the $73,650 mark. A key support level to watch is $72,000; a break below this could make it difficult for the price to recover quickly.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now moving lower toward the 50 level.
Major Support Levels – $75,000, followed by $74,250.
Major Resistance Levels – $76,500 and $77,250.
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2026-04-21 05:28