Bitcoin dey hold $74K support, eye top for bear-flag near $80K

Published: 2026-04-20 09:34:02 |

Bitcoin (BTC) dey bounce back after e hold $74,000 support. For the 4-hour chart, BTC buck from the $74K horizontal level and from one bear-flag trendline, and Stochastic RSI don rise from im low levels. Traders dey watch for confirmation we fit push price toward the bear-flag top, and dem still keep move to $80K “open”. For the daily timeframe, the article put am as possible trend reversal. Bitcoin dey try break almost 7-month bear-market trendline, the 50-day SMA dey rise and e fit cross back above the 100-day SMA. The 100-day SMA still dey act as support. RSI dey move up inside one rising channel, but one descending RSI trendline wey don reject price before fit need clear again. For the weekly chart, the bullish case depend on confirmation: a weekly close above the key trendline. Fibonacci levels point the 0.786 retracement as important reference, price dey hold above am even with occasional wicks. If weekly RSI confirm breakout from the descending trendline e go signal room for bigger upside rally, though sideway consolidation still possible. Main risk na headline-driven volatility. Any unexpected bad news for Middle East fit quickly reverse momentum and trigger retest of support levels. For trading, BTC near $74K support and the next resistance around $75K–$76K na the near-term decision points.

Bullish

Both articles dey describe the same setup: Bitcoin dey hold $74K support and momentum dey improve, fit move toward the bear-flag top and higher targets near $80K. The later update add more concrete multi-timeframe confirmation signals — daily trendline break, 50-day SMA wey dey rise, possible re-cross above the 100-day SMA, and weekly structure based on trendline/RSI confirmation. Risks still dey (specially headline-driven volatility fit cause quick retest), but the balance of indicators across 4H, daily, and weekly lean toward possible upside continuation, as long as BTC fit clear nearby resistance zones around $75K–$76K and secure confirmation on the weekly close.