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Bitcoin hits resistance at $71,000, delaying rally to $88,000 amid bearish trendline rejection

Technical Signals
13 Apr 2026
Coindesk
View Source
Bearish
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Bitcoin's price has turned lower after hitting a key descending trendline resistance at around $71,000, a level that has been in place since its peak above $126,000 in October 2025. This rejection signals that the current rally is still within a broader bear market, despite analysts' bullish forecasts expecting a rise to $88,000 based on ETF flows and macro factors. Until Bitcoin can break and close above this trendline with strong volume, the downtrend remains intact, suggesting caution for investors. The next key moves are either a deeper decline toward $65,000 or a successful breakout above the trendline to support the bullish case.

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