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Today Technical Analysis: Bitcoin Slips Below $75,000 as Risk-Off Sentiment Returns to Markets

April 20, 2026, 07:20
Today Technical Analysis: Bitcoin Slips Below $75,000 as Risk-Off Sentiment Returns to Markets

Brent Technical Analysis

Brent crude suffered a sharp selloff last week from $101.11 to $87.28, then staged a strong rebound back toward $96.00. This suggests panic selling has eased, but price is now pausing near resistance after the recovery leg. Price is trading around moving averages MA5 and MA10, while the MA20 is below current price, indicating the market is trying to stabilize.

Immediate resistance stands at $96.00–$96.50. A breakout above this zone could trigger further upside toward $98.30 and possibly $101.10. Support is found at $94.20, then $92.00, with stronger support at $87.28. Momentum has improved, but confirmation of a bullish reversal requires a clear break above current resistance.

Brent 1H Chart

20-04-2026
Resistance$96.00$98.30$101.10
Support$94.20$92.50$87.30

Gold Technical Analysis

Gold has entered a corrective phase on the 1H chart after failing to hold the breakout above $4,850 and rejecting sharply from $4,889. Price dropped to 4,737 before rebounding, but the bounce has so far been modest. It is trading below the moving average MA20 4,820 and around the averages MA5 and MA10, suggesting recovery momentum remains limited.

Immediate resistance is located at $4,800–$4,820. A clean move above that zone would improve sentiment and allow another test of $4,858, then $4,889. Support is seen at $4,768, followed by the key low at $4,737. If sellers break below $4,737, downside pressure could accelerate. Current bias is neutral-to-bearish while price remains below the MA20.

Gold 1H Chart

Resistance$4,814$4,872$4,900
Support$4,766$4,737$4,706

Bitcoin Technical Analysis

Bitcoin on the 1H chart is under pressure after failing to sustain moves above the $75,600–$76,000 area. Price has rolled over from the $77,602 swing high and recently printed a lower low near $73,710, confirming short-term bearish structure. It is now trading below the moving average MA20 $74,834 while MA5 and MA10 remain under pressure, showing momentum is still soft.

The immediate resistance zone is $74,500–$74,850, where price is currently struggling near the moving averages. A recovery above this area could open the way toward $75,650, then $76,800. On the downside, support sits at $73,710, followed by $73,350. If that floor breaks, sellers could target a deeper retracement. For now, the short-term bias is bearish-to-neutral unless bulls reclaim the MA20 and previous lower highs.

Bitcoin 1H Chart

Resistance$75,465$76,230$76,950
Support$73,777$72,563$71,480

Risk Disclaimer: This material is provided for informational purposes only and does not constitute a recommendation or investment advice. Trading financial instruments on margin involves substantial risk and may not be appropriate for all investors.

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