Published: Apr 13, 2026 at 18:08
The price of Bitcoin (BTC) surged and broke above the moving averages on April 7.
However, the bullish momentum failed to break through the $75,000 barrier.
BTC price long-term prediction: bullish
Today, the Bitcoin price has retraced above the moving averages. The cryptocurrency is still trading within its narrow range, but above the moving average lines. Bitcoin has the potential to rise if it retraces and remains above the moving average lines. On the upside, if buyers break the $75,000 barrier, Bitcoin is expected to rise to its previous high of $100,000.
Conversely, Bitcoin will fall if sellers push the price below the moving average lines. The largest cryptocurrency will decline to its key support at $65,000. Meanwhile, Bitcoin is trading just above the moving average lines and below the $75,000 high. Today’s BTC price is $70,781.
Technical indicators
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Key supply zones: $120,000, $125,000, $130,000 -
Key demand zones: $70,000, $65,000, $60,000
Bitcoin price indicators analysis
Following the recent price bounce, the cryptocurrency is now above the horizontal moving average lines. The Bitcoin price is moving in a confined range, above the horizontal moving average lines but below the $75,000 barrier. BTC price is expected to remain in its current range as it is caught between the moving average lines on the 4-hour chart. The bearish trend will continue if the price falls below the 50-Day SMA support.
What is the next move for BTC?
Bitcoin is declining following its rejection at the $74,000 mark. On the 4-hour chart, the cryptocurrency price is confined between the moving average lines. Selling pressure may resume if the price falls below the 50-day SMA support. A break below the 50-day SMA support could push the price to just above $70,000, and then to $68,000. Meanwhile, the price remains above the $70,000 level.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/btc-above-70-000/
