Bitcoin (BTC) begins the last full week of April juggling fresh US-Iran war fears as resistance hurdles line up.
Key points:
Bitcoin stays green on weekly time frames with multiple nearby price levels in focus.
Elliott Wave analysis concludes that $81,000 is Bitcoin bulls’ next “final boss.”
A resurgent US-Iran war threatens to unravel last week’s crypto and risk-asset gains.
Bitcoin ETFs see major inflows, but investors’ cost basis is still above $80,000.
Bitcoin’s true market mean metric reveals that the current bear market remains “mild.”
BTC price can still make “new highs” this week
Bitcoin still managed a “green” weekly candle despite last-minute sellers driving price below $74,000.
Data from TradingView shows a modest recovery ensuing as the new week begins — despite the lingering threat of geopolitical escalation between the US, Israel and Iran.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Price now has multiple resistance levels overhead, with the nearest being its 21-week exponential moving average (EMA) at $78,400.
Over the weekend, trader and analyst Rekt Capital stressed the influence of that trend line.
“Bitcoin is rejecting from the 21-week EMA (green),” he noted in an X post alongside a print of the weekly chart.
“It is this rejection that could force a post-breakout retest of the top of the Double Bottom (~$73k) next week, provided Bitcoin Weekly Closes just like this.”BTC/USD one-week chart. Source: Rekt Capital/X
In a subsequent post, Rekt Capital said that a successful retest of the $73,000 area would “confirm the breakout” for the bulls.
#BTC
A Weekly Close just like this could confirm the 21-week EMA (green) as resistance to set up for a post-breakout retest of the Double Bottom formation top (blue ~$73k)
A successful retest of the Double Bottom formation would confirm the breakout$BTC #Crypto #Bitcoin https://t.co/7eZiVYZFeQ pic.twitter.com/cWxH3lMNpb
— Rekt Capital (@rektcapital) April 19, 2026
Continuing, trader CrypNuevo forecast that BTC/USD would continue to trade in a range with an $80,000 ceiling “for the next month.” They acknowledged…
..
