Bitcoin: Traders Target Shorts Above $79K | Flash News Detail | Blockchain.News
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4/22/2026 10:06:00 AM

Bitcoin: Traders Target Shorts Above $79K

Bitcoin: Traders Target Shorts Above $79K

Bitcoin traders eye short positions between $79K-$81K as price deviates above range highs, with expectations of a local top amid ongoing range-bound action.

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Crypto analyst CrypNuevo signals caution on Bitcoin (BTC), planning to short any deviation above current range highs in the $79,000 to $81,000 zone where momentum could fade and carve out a local top. This BTC price prediction aligns with broader market consolidation, as Bitcoin has traded sideways over the past month, mirroring patterns seen in early 2026 when volatility squeezed before major moves. Traders watch for signs of exhaustion in this crypto market range, potentially setting up for a deeper crypto market crash if support cracks, though integration with trending assets like TAO could provide cross-chain stability.

On the 4-hour chart, Bitcoin presses against the upper Bollinger Band resistance at $77,995, testing volatility limits while the RSI hovers neutral at 64, hinting at building pressure without immediate overbought signals. Price action rides a bullish trend with the MACD confirming a golden cross at 561, driving momentum above the EMA50 support of $75,220 and the deeper EMA200 at $72,341, yet confluence points to a probable pullback—expect sellers to dominate if we spike into that $79K-$81K deviation, retracing toward the lower band support near $73,667 before resuming the uptrend, much like the quick dips that preceded February's rally.


CrypNuevo

@CrypNuevo

An unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.