From a technical point of view, the price of bitcoin bounced off the major resistance at $ 46,500. The purple zone is marked with the 50% Fibonacci retracement of the last downward wave and previous price reactions. If current sentiment prevails until the end of the day then a potential shooting star pattern may occur, which according to the classic assumptions of technical analysis, often heralds declines.
Bitcoin interval D1. Source: xStation5
Morning Wrap: Ceasefire Fuels Wall Street Gains, but Political Uncertainty Remains
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Chart of the day 📈Bitcoin rebounds above $76k trying to reverse the trend (21.04.2026)
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