{"id":154553,"date":"2026-04-23T02:33:29","date_gmt":"2026-04-23T02:33:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=154553"},"modified":"2026-04-23T02:33:29","modified_gmt":"2026-04-23T02:33:29","slug":"bitcoin-price-rally-nears-80k-dips-may-draw-fresh-buyers","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=154553","title":{"rendered":"Bitcoin Price Rally Nears $80K, Dips May Draw Fresh Buyers"},"content":{"rendered":"

Bitcoin price started a fresh increase and cleared the $77,500 zone. BTC is consolidating and might aim for more gains above the $79,500 level.<\/em><\/p>\n

Bitcoin managed to stay above $76,500 and started a fresh increase.
\nThe price is trading above $77,200 and the 100 hourly simple moving average.
\nThere is a short-term declining channel forming with resistance at $78,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend gains if it stays above the $77,150 and $76,650 levels.<\/p>\n

Bitcoin Price Regains Traction<\/h2>\n

Bitcoin price found support near $74,850 and started a fresh increase<\/a>. BTC gained pace for a move above the $75,500 and $77,200 resistance levels.<\/p>\n

The bulls even pushed the price above $78,500. A high was formed at $79,490, and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $74,850 swing low to the $79,490 high.<\/p>\n

Bitcoin is now trading above $77,200 and the 100 hourly simple moving average<\/a>. If the price remains stable above $77,000, it could attempt a fresh increase. Immediate resistance is near the $78,500 level. There is also a short-term declining channel forming with resistance at $78,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

<\/a><\/p>\n

The first key resistance is near the $79,200 level. A close above the $79,200 resistance might send the price further higher. In the stated case, the price could rise and test the $79,500 resistance. Any more gains might send the price toward the $80,000 level. The next barrier for the bulls could be $82,000.<\/p>\n

Another Drop In BTC?<\/h2>\n

If Bitcoin fails to rise above the $78,500 resistance zone, it could start another decline. Immediate support is near the $77,700 level. The first major support is near the $77,150 level or the 50% Fib retracement level of the upward move from the $74,850 swing low to the $79,490 high.<\/p>\n

The next support is now near the $76,650 zone. Any more losses might send the price toward the $75,500 support in the near term. The main support now sits at $75,000, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $77,700, followed by $77,150.<\/p>\n

Major Resistance Levels \u2013 $78,500 and $79,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase and cleared the $77,500 zone. BTC is consolidating and might aim for more gains above the $79,500 level. Bitcoin managed to stay above $76,500 and started a fresh increase. The price is trading above $77,200 and the 100 hourly simple moving average. There is a short-term declining channel forming […]<\/p>\n","protected":false},"author":0,"featured_media":154554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-154553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/154553"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=154553"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/154553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/154554"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=154553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=154553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=154553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}