Bitcoin BTC/USD is ending the trading week at 77144 and continues to move within a correction and forming a “Wedge” reversal pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which is a downward trend, reflecting pressure from asset sellers and a potential continuation of the decline in BTCUSD quotes. At this point, we should expect an attempt at a bullish correction in the coin’s price and a test of the resistance area near 78505. From there, we should expect another downward rebound and a continued decline in the Bitcoin price, with a potential target below 49605.
Bitcoin Forecast BTCUSD April 20 – 24, 2026
An additional signal favoring a decline in BTC/USD quotes during the current trading week (April 20-24, 2026) will be a rebound from the upper boundary of the “Wedge” reversal pattern. A second signal will be a rebound from the descending resistance line on the relative strength indicator (RSI). A strong rally and a breakout of the 88505 area would cancel the Bitcoin downside scenario this trading week. This would indicate a breakout of the resistance area and continued growth in BTC/USD quotes with a potential target above 95605. A bearish move would be confirmed by a breakout of the support area and a close below 68505, which would indicate a breakout of the lower boundary of the Wedge reversal pattern and the beginning of the pattern’s implementation with targets below.
Bitcoin Forecast BTCUSD April 20 – 24, 2026 suggests an attempt to break the resistance area near 78505. Subsequently, the cryptocurrency will continue to decline below 49605. An additional signal for a decline in the Bitcoin price this trading week would be a test of the trend line on the relative strength indicator. A strong rally and a breakout of the 88505 area would cancel the Bitcoin downside scenario. In this case, a continued rise with a target of 95605 is expected.
