04/21/2026
Bitcoin price is at $76,466 on April 20, pressing the upper boundary of a 4H ascending channel from the February lows while the MACD simultaneously prints a bearish crossover on the same timeframe, creating a directional tension that will define the nearterm trajectory heading into the FOMC meeting on April 28.
Bitcoin ($BTC) price is at $76,466 on April 20, up 0.99% on the 4H session, as price reaches the upper trendline of the ascending channel that has framed the entire recovery from the February lows. The 4H MACD has simultaneously printed a bearish crossover, with the MACD line at 148.89 crossing below the signal at 200.00 and the histogram printing at -51.11. The four SMAs remain in a bullish stack below price: SMA 20 at $75,881, SMA 50 at $74,605, SMA 100 at $72,467, and SMA 200 at $70,552. The 4H volume of 3.1K $BTC is modest, confirming neither a high conviction breakout nor a distribution event at this stage.
The ascending channel on the 4H chart connects the February lows near $59,000 with successive higher lows through March and early April, producing a clearly defined upper boundary now aligning near $77,500. The CME futures market closed at $77,540 on Friday before the weekend and reopened Monday at $74,600, creating an upside gap of approximately 3.8% that is acting as a nearterm technical magnet for institutional positioning.