Bitcoin: Tests $79K Before Pullback | Flash News Detail | Blockchain.News
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4/23/2026 8:09:00 AM

Bitcoin: Tests $79K Before Pullback

Bitcoin: Tests $79K Before Pullback

Bitcoin hits $79K resistance and retreats slightly, with analysts eyeing $85-88K if $73-75K support holds amid bullish momentum.

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Bitcoin tested the $79K zone before a minor pullback, showcasing typical price action without signs of a major downturn, according to crypto analyst Michaël van de Poppe. He anticipates a push toward $85-88K in the coming 1-2 weeks, provided the $73-75K support level remains intact, fueled by strong momentum and lower-timeframe signals that point to continuation after breaking through heavy sells and shorts at resistance. This outlook aligns with recent BTC price prediction trends, where altcoins could see heavier breakouts as Bitcoin climbs, potentially amplifying hype around projects like TAO in the broader crypto market analysis.

From a technical confluence standpoint on the 4-hour chart, Bitcoin's price at $78,011.63 trades firmly within a bullish structure, hugging the upper Bollinger Band resistance at $79,621.91 while the lower support at $74,105.37 offers a safety net against deeper corrections. The EMA50 at $75,895.71 acts as immediate dynamic support, reinforced by the EMA200 at $72,702.38 further below, creating layered confluence for buyers if dips occur—meanwhile, the MACD's bullish golden cross at 773.0 signals sustained upward pressure, though the neutral RSI at 58.58 suggests room for consolidation before testing higher targets, mirroring patterns seen in last quarter's Bitcoin market trends.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast