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On the H4 timeframe, Bitcoin continues to maintain a clear bullish structure with consistent higher lows and higher highs. However, after being rejected around the $78,000–$78,500 zone, price is now retesting a key support area near $74,000–$74,500, which also aligns with the lower boundary of the ascending channel. Short-term momentum is weakening, but the overall trend remains intact. A bullish scenario remains valid if price holds above $74,000, while a breakdown below this level could trigger a deeper correction toward the $72,000 region.
On the H4 timeframe, Bitcoin continues to maintain a relatively clear bullish structure, with price consistently forming higher lows and higher highs while moving within an ascending channel.
Bitcoin is entering a critical testing phase around the $74,000 level. If this area holds, the market is likely undergoing a technical correction within an ongoing uptrend. However, a decisive breakdown would weaken the short-term structure and open the door for a deeper pullback.
The latest rally pushed price sharply toward the $78,000–$78,500 area, but it was quickly rejected, indicating strong selling pressure at this upper resistance zone. Price has since pulled back and is now testing the $74,000–$74,500 support area, which also aligns with the lower boundary of the channel.
Short-term momentum is showing signs of weakening as consecutive bearish candles appear following the sharp rally. However, the overall bullish structure remains intact. As long as price holds above the $74,000 support and the lower trendline of the channel, the current move can still be viewed as a correction within an uptrend.
In a bullish scenario, if price holds this support and shows a reaction, Bitcoin could rebound toward the $76,000–$76,500 area, with the potential to retest the $78,000–$78,500 highs. Conversely, a decisive break below $74,000 would weaken the short-term structure, opening the door for a deeper correction toward the $72,000 region, or even the $70,000–$70,500 zone, which serves as a key support for the broader trend.
20.04.2026
BTCUSD
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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Linh Tran
Market Analyst
Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.
This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.
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