Bitcoin BTC Market Analysis April 20, 2026

The rebound rally from June based on USD has lasted for 70 trading days up to April 18. If the subsequent price can break through the blue resistance range shown in the chart, the likelihood of an expanded rebound level will increase. The rebound at that time will correspond to the adjustment process from 126000 falling to 60k. An effective break above 78300 can be regarded as a confirmation signal that the rebound level will expand.

The current pullback starting from 78300, before it falls below the pink support level marked in the chart, can temporarily be viewed as a technical pullback targeting the upward move within the 65000–78333 USD range. If the daily closing candle body falls below that marked pink support level, and the rebound confirmation cannot fail to return above it, the probability that the market shifts into a new round of downtrend will increase significantly.

In summary, the key levels are as follows:

1. If the daily candle body falls below the pink price level marked, then the rebound starting from 60k may only be a correction against the decline from 97,900 to 60k, and the rebound may already be over (corresponding to the black segment shown in the chart). The current movement starting from 78,300 USD may be part of a new round of decline.

2. If the daily candle body breaks above the blue resistance range, the rebound level will confirm expansion. If price meets resistance and falls back again within that range, then the overall rebound rally that started from 60k USD may end, and a downward move will begin instead.#btc $BTC