Early morning on Wednesday, April 15, 2026, Bitcoin (BTC) price reaches $76,000the lowest level since March 16, almost a month ago.
However, soon the price of digital currency fell, At the time of this writing, each Bitcoin trades for $74,000.which you can check with the CriptoNoticias price calculator.
In the following chart provided by TradingView, you can see the behavior of Bitcoin since March 1st on hourly candlesticks (red and green bars).
Since yesterday, some analysts and traders have warned: The digital currency could reach the region near $76,000 and could encounter resistance there.
For example, Julio Moreno, head of research at CryptoQuant, wrote on his X account on Tuesday morning: “Bitcoin price is approaching a key resistance line in a bear market: the price realized on the blockchain (On-chain realized price), current price is $76,800.
Also yesterday, market analysis firm AlFaraktal commented that Bitcoin is approaching “key on-chain cost resistance levels, including true average market price and realized price for short-term holders.” “Historically, this level has served as a resistance line during bear markets, so it is important to monitor this area,” the firm’s analysts said.
There are many different opinions regarding short-term predictions for Bitcoin price. Traders and market analysts Lennart Snyder thinks this could be the beginning of a major correction.. Similarly, he assures us that we can only start taking long positions, i.e. bullish positions, if Bitcoin falls to the $72,000 area.
A trader who calls himself ArdiNSC on an internet forum takes a far more bearish view. In this expert opinion, He said there are “enthusiastic bulls” who don’t want to see what’s really going on..
The unpleasant truth about bear markets is that they rise slowly for longer than they fall. That’s why most people continue to be fooled by them. This is how markets mechanically work, and what die-hard bulls conveniently forget during every upswing.
ArdiNSC, trader.
This expert shows a graph of the price of Bitcoin, which shows that the digital currency is repeating patterns already seen in the past. The maximum price for this move could be close to $50,000.
However, to add to the discussion, Peter Tok, founder of an organization called House of Crypto, commented that while he recognizes that historical patterns indicate potentially bearish behavior, he rules out that it will happen again this time.
Toku said the graphic pattern is similar to the downturn pattern experienced by Bitcoin in 2022, but now “the funding rate is significantly negative, which indicates that everyone is accumulating short positions. Meanwhile, cash sales are drying up. So as spot purchases increase, the price will rise.”
“If these short positions start to unwind above $76,000, we could see a pullback to the mid-$80,000s,” the expert added.
Please note that the graph only shows a small part of the puzzle. But macros, sentiment, leverage ratios, returns…all tell a different story for 2022.
Peter Tok, founder of House of Crypto.
Having said all this, it must be mentioned that the technical analysis discussion of resistance and chart patterns cannot be separated. What happens in the geopolitical committee? And today that committee is dominated by what’s happening in Iran.
Early this Wednesday morning, Brent crude oil prices were below $100 per barrel amid signs in Pakistan that talks between Washington and Tehran may soon resume.
However, the situation remains fragile. The dispute has caused a rebound in inflation and has dented hopes of lower interest rates from the US Federal Reserve. Historically, high interest rates have been a headwind for assets considered “risky” like Bitcoin.
Therefore, every statement from President Trump, every naval move in the Strait of Hormuz, and every signal from Islamabad has the potential to move the price of Bitcoin and undermine predictions based solely on technical analysis.
A two-week truce expires on April 21 and nuclear negotiations remain stalled over details, but Tehran wants its enrichment program to be halted for three to five years. Washington asks for 20—, Bitcoin remains hostage to the diplomatic calendar.
(Tag translation) Analysis and research
