Bitcoin below $78,197 resistance, near $75,000 support

On April 30, 2026, Bitcoin (BTC/USD) was trading beneath the four-hour 50- and 100-period simple moving averages and remained under a descending trendline that originates near the $79,200 high. Market data referenced top-of-book prices from OANDA Global Markets Ltd.

According to OANDA MarketPulse analyst Zain Vawda, price action reflects a balance between buyers attempting to sustain a medium-term recovery and sellers defending the trendline. A short-lived spike above $78,197 earlier in the week was quickly sold off and left that level as the immediate upside barrier.

On the four-hour chart, Bitcoin sits between the 50-SMA, around $77,452, and the 100-SMA. The descending trendline has capped gains since the recent peak, and a sustained move back above the four-hour 50-SMA is the condition cited to change the H4 picture toward a clearer bullish bias.

On the one-hour chart, Bitcoin is trading below the 50-, 100- and 200-period moving averages. The one-hour 50-MA is near $76,334 and is acting as immediate resistance while the 100- and 200-period moving averages converge above the price. The one-hour Relative Strength Index is near 50, which indicates a lack of directional momentum and an MA squeeze that often precedes a breakout. Traders are watching for a candle close above the one-hour 50-MA as a possible signal for a run toward the $78,197 resistance zone.

Intraday action on the 15-minute chart shows buyers entering between roughly $75,500 and $75,800. An intraday descending trendline sits near $76,500; a decisive break above that line and a flip of the four-hour 50-MA into support would open a path to retest $78,197. A breach of $78,197 would put the psychological $80,000 level back in view. On the downside, failure to hold the 15-minute 50-MA, near $75,888, could push price toward $75,000, and a confirmed break below $75,000 could expose the $73,500 area as the next downside target.

Key technical levels referenced in the analysis include resistance at $77,480, $78,197 and $80,000, and support at $75,880, $75,000 and $74,250. The analysis was published April 30, 2026, using OANDA top-of-book prices for reference.

Vawda described the $78,197 level as the ‘line in the sand' for bulls and added that holding $75,000 is the primary psychological support to prevent a deeper correction. The report notes that traders commonly use multiple moving averages, trendlines and the RSI across timeframes to assess momentum and potential breakout points.