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Bitcoin breaks key resistance, ending 7 months of decline and sparking cautious optimism.

Technical Signals
18 Apr 2026
Cointribune
View Source
Bullish
pluang ai news

Bitcoin has broken a major resistance level that had held since October 2025, ending a seven-month bearish trend. This breakout lifted the price above $77,000, challenging previous forecasts of a drop to $50,000-$55,000. Despite this positive move, technical indicators remain mixed and the trend fragile, with key support now at $74,000-$75,000. The rebound is partly driven by easing geopolitical tensions affecting oil prices, but the market remains sensitive to macroeconomic factors and needs further confirmation to sustain momentum.

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