Latest Update
8/21/2026 1:11:00 AM

Bitcoin: Nears $74K on Pattern Breakout

Bitcoin: Nears $74K on Pattern Breakout

Bitcoin hits $74,816 with inverse head and shoulders targeting $76K; 4h chart shows RSI at 92.55 and MACD golden cross.

Source

Analysis

Bitcoin trades at $74,816.59 after the inverse head and shoulders breakout flagged by Omkar Godbole, with $76K as the next measured move.

Price action tests the upper Bollinger Band resistance at $75,136 while RSI(14) prints 92.55, signaling short-term exhaustion; a retracement toward the EMA50 support at $66,318 remains the highest-probability path before continuation. The MACD golden cross at 2,522.73 keeps the broader structure bullish above the EMA200 at $64,629. BTC price prediction models and Bitcoin technical analysis both flag sustained crypto market momentum into year-end.


Omkar Godbole, MMS Finance, CMT

@godbole17

Staff of MMS Finance.