Bitcoin is down over 3% today, marking its biggest drop since May 10. Today's decline may also be linked to yesterday's outflow of funds from ETFs, which is the first outflow since May 9. It's worth noting that this was also a local price low, from which a clear rebound occurred, bringing prices back above $70,000.
Bitcoin is dropping below the short-term upward trend line and is testing the important demand zone ranging above $65,000. Just below this level there is the upper limit of the previously-broken descending trend channel, which could also form a flag pattern. The range of this pattern could extend to as much as $100,000. Conversely, if there is a return to the descending trend channel, this pattern could be invalidated. Interestingly, the declines in Bitcoin are due to internal factors rather than market-wide ones. The Nasdaq index remains near historical highs, indicating a clear divergence between these instruments.
Source: xStation5
Morning Wrap: Ceasefire Fuels Wall Street Gains, but Political Uncertainty Remains
Bitcoin surges almost 4% to the highest level since the beginning of February 2026
Daily Summary: As a ceasefire drifts away, markets lose ground
Chart of the day 📈Bitcoin rebounds above $76k trying to reverse the trend (21.04.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
