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Home»Analysis»Bitcoin Trend Reversal Could Confirm If BTC Closes Above $76,000
Analysis

Bitcoin Trend Reversal Could Confirm If BTC Closes Above $76,000

April 16, 2026No Comments
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Key points:

  • Bitcoin’s slight pullback from the $76,000 resistance suggests that buyers are holding on to their positions, expecting the rally to continue.

  • Some major altcoins are showing strength and are expected to break through their general resistance levels.

Bitcoin (BTC) pulled back after breaking through the $76,000 level on Tuesday, but a positive sign is that the bulls did not let the price fall below $73,500. This suggests that the bulls are holding their positions as they expect overhead resistance to be broken.

Another encouraging indication for bulls is that BTC’s move towards $76,000 was supported by $411.5 million in inflows into US BTC spot exchange-traded funds on Tuesday, according to SoSoValue data. This brings the total net flows for 2026 into positive territory, at around $245 million.

Daily view of crypto market data. Source: Trading View

While some analysts believe that the floor has been reached at $60,000, others remain skeptical. They expect BTC to crash below $60,000 all the way to $50,000 before finally bottoming out.

Trend reversals can be tricky, but traders need to be nimble when they spot one. Maintaining a negative view while the charts are bullish is a recipe for disaster.

Could BTC and some major altcoins break out above their general resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin Price Prediction

BTC rose from the 20-day exponential moving average ($71,116) on Monday and reached resistance at $76,000 on Tuesday.

BTC/USDT daily chart. Source: Cointelegraph/Trading View

Sellers should protect the $76,000 level with all their might, as a close above it will complete a bullish ascending triangle pattern. This sets the stage for a rally up to the $84,000 level.

Conversely, any pullback should find support at the 20-day EMA. If BTC price rebounds strongly off the 20-day EMA, it suggests positive sentiment. This improves the prospects of a break above the $76,000 resistance. Sellers will regain control at a close below the triangle support line.

Ether Price Prediction

Ether (ETH) faces resistance at $2,415, but a positive sign is that the bulls have not given up much ground to the bears.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The prospects of a breakout above the $2,415 level increase if the ETH price rises from the current level or the 20-day EMA ($2,198). The ETH/USDT pair could then rise to $2,800 and then to $3,050.

Sellers have a daunting task ahead of them. They will need to quickly bring the price below the moving averages to weaken the bullish momentum. The pair could then decline to the support of $1,916.

XRP Price Prediction

Buyers are struggling to push XRP (XRP) above the 50-day simple moving average ($1.37), indicating bears are active at higher levels.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the price declines and drops below the 20-day EMA ($1.35), it may indicate that the XRP/USDT pair is consolidating between the 50-day SMA and the $1.27 support for a few days. A breakout and close below the $1.27 level tilts the advantage in favor of the bears.

Conversely, a close above the 50-day SMA signals the start of a sustained recovery towards the downtrend line of the descending channel pattern. Buyers will be back in control at the close above the downtrend line.

BNB Price Prediction

BNB (BNB) hit the 50-day SMA ($626) on Tuesday, where bears pose a strong challenge.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

If the bulls do not give up much ground from the current level, the possibility of a breakout above the 50-day SMA increases. The BNB/USDT pair could then bounce up to the overhead resistance at $687. Buyers will need to overcome the $687 barrier to pave the way for a rally to $730 and then $790.

On the downside, a close below the $570 support indicates that the bears have taken control. The pair could then begin the next leg of the downtrend towards $500.

Solana Price Prediction

The failure of Solana (SOL) to move above the 50-day SMA ($85) suggests that the bears are fiercely guarding this level.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The rather flat moving averages and the relative strength index (RSI) near the midpoint do not provide a clear advantage to either the bulls or the bears. This suggests that the SOL/USDT pair may continue to consolidate in the $76-$98 range for some time.

The next trend move is expected to start at a close above $98 or below $76. If SOL price declines and falls below $76, this indicates an advantage for the bears. The pair could then drop to $67. On the positive side, a close above $98 opens the door for a rally to $117.

Dogecoin Price Prediction

Dogecoin (DOGE) broke above the moving averages on Tuesday, but the long wick on the candlestick shows selling in rallies.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

If the price falls below the moving averages, the bears will attempt to push the DOGE/USDT pair below the $0.09 support. If they succeed, DOGE price could resume its downtrend towards $0.08 and then $0.06.

Instead, if price moves above the 20-day EMA ($0.09) and above $0.10, it suggests the bears are losing their grip. The pair could then rise to $0.11 and possibly $0.12.

Hyperliquid price prediction

Hyperliquid (HYPE) is witnessing a fierce battle between the bulls and bears at the breakout level of $43.76.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

If HYPE price recovers from the current level and exceeds $45.30, it suggests that the bulls have turned the $43.76 level into support. This increases the probability of moving to the $50 level.

Contrary to this assumption, if the price declines and breaks below the 20-day EMA ($40), it suggests that the breakout above the $43.76 level may have been a bull trap. The HYPE/USDT pair could then plunge to the 50-day SMA ($36.77).

Related: Tom Lee says ‘mini crypto winter’ is over, sees Ether above $60,000

Cardano Price Prediction

Cardano (ADA) has been oscillating between the 50-day SMA ($0.26) and $0.23 support for the past few days.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($0.25) has started to decline gradually and the RSI is in the negative zone, signaling a slight advantage for the bears. If the price declines and breaks below $0.23, the ADA/USDT pair could fall towards the support line of the descending channel pattern. There is support at $0.22, but it is likely to be broken.

Buyers will need to propel ADA price above the downtrend line to signal a potential trend change. The pair could then rise to $0.36.

Bitcoin Cash Price Prediction

Buyers attempted to push Bitcoin Cash (BCH) above the 20-day EMA ($444), but bears held firm.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

Sellers will work to strengthen their position by pushing the BCH price below $419. If they succeed, the BCH/USDT pair could begin a decline towards the $375 level.

This bearish view will be negated in the short term if buyers push the price above the moving averages. The pair could then reach the $486 level, where the bears could once again pose a strong challenge.

Chainlink Price Prediction

Chainlink (LINK) has been trading near moving averages in recent days, signaling a balance between supply and demand.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The rather flat moving averages and the RSI just above the midpoint suggest that the LINK/USDT pair could remain in the $8-$10 range for some time to come.

The first sign of strength will be a breakout and close above the $10 resistance. This opens the door for a rally to $10.94 and then to $11.61. Sellers should defend the $11.61 level, as a close above indicates that the bulls are back in the game. The bears will need to push LINK price below the $8 level to gain the upper hand.