Bitcoin reclaims $76,000; bulls target $80,000

Bitcoin regained the $76,000 level on Monday during Asian and European trading after a slow start, holding above a $75,000 pivot and trading above its 50-day and 100-day moving averages on April 20, 2026.

On the daily chart, Bitcoin traded above the 100-day moving average near $74,145 and the 50-day moving average near $70,577. The daily Relative Strength Index was about 61, below overbought territory.

On the four-hour chart, the recent corrective leg found support at the 50-period moving average near $74,632 and produced a higher low. The four-hour RSI bounced near 58.

On the hourly chart, Bitcoin cleared its 50-, 100- and 200-period moving averages in a single move. Market participants are watching a clean break above roughly $76,800 for potential short covering and a retest of the local top near $78,197. Near-term upside targets include $80,000 and $82,133.

To the downside, a decisive move back below the $75,000 pivot and under the hourly 200-period moving average near $74,555 could shift momentum to sellers and draw prices toward structural support around $71,673.

Zain Vawda, a market analyst at OANDA, described Bitcoin as “re-loading” for a next major move and noted consistent daily closes above $75,000 as evidence of demand at those levels.

All price references are based on market data available on April 20, 2026.