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Bitcoin tests $77,500 resistance amid bearish signals ahead of April 28 FOMC meeting

Technical Signals
20 Apr 2026
Crypto news
View Source
Neutral
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Bitcoin price reached $76,466 on April 20, approaching the upper boundary of a 4-hour ascending channel near $77,500. Despite a 0.99% gain, the 4-hour MACD indicator showed a bearish crossover, signaling momentum slowdown at this key resistance. A decisive close above $77,500 could target the CME futures gap at $77,540 and potentially $80,000, while failure to hold above $75,881 risks a pullback to supports at $74,605 and $72,467. The upcoming FOMC meeting on April 28 is a critical catalyst, with geopolitical tensions and institutional positioning influencing near-term Bitcoin price action.

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