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4/20/2026 7:55:00 AM

Bitcoin: Eyes New Highs This Week

Bitcoin: Eyes New Highs This Week

Bitcoin bounces strongly to $74,881.54 amid risk-off markets, with a CME gap at $77.3K signaling potential new highs; Gold dips, decoupling risks.

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Analysis

Bitcoin staged a relatively strong bounce on Monday, climbing to $74,881.54, as broader markets shifted risk-off ahead of the open, according to crypto analyst Michaël van de Poppe. With Gold prices dipping, the move detaches from traditional safe-haven correlations, setting up BTC for upward momentum. Van de Poppe highlights an unfilled CME futures gap at $77.3K, fueling expectations for new highs this week amid ongoing BTC price prediction debates in volatile crypto market conditions.

Historically, Bitcoin CME futures gaps have shown a strong tendency to fill, especially during bullish phases over the past 6-12 months, mirroring patterns seen in recent risk-off periods where BTC decoupled from Gold amid macroeconomic shifts. This aligns with broader crypto market bounce trends, where gaps often act as magnets for price action, potentially amplified by viral trends like TAO and Bitcoin hype in decentralized ecosystems.

From a technical confluence standpoint, BTC trades inside the Bollinger Bands with the upper resistance at $77,837.16 capping immediate upside, while the lower support at $73,725.06 guards against deeper pullbacks in this bullish trend structure. Price hovers above the EMA50 at $74,430.15 and well clear of the EMA200 at $71,714.78, which serve as robust long-term supports, but the MACD death cross at -9.04 flashes bearish undertones even as RSI at 47.84 stays neutral. Expect a push toward that upper band exhaustion before any retracement tests the 50-EMA, aligning with the gap-fill thesis for fresh highs.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast