Bitcoin Holds Near $78,000 As Bulls Stay Active; Experts See Key Resistance At $80,000
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Bitcoin is holding strong above the $78,000 mark after attempting to break the resistance at the $80,000 level.
The broader crypto market also remained stable, with major altcoins such as Ethereum, XRP, BNB, Solana and Dogecoin consolidating recent gains.
Bitcoin traded close to the $78,000 mark on Thursday, holding firm near recent highs as easing geopolitical tensions and improving risk sentiment supported the broader crypto market. Analysts said the world’s largest cryptocurrency remains in a constructive zone, though a decisive move above the $80,000 level is still awaited.
The broader crypto market also remained stable, with major altcoins such as Ethereum, XRP, BNB, Solana and Dogecoin consolidating recent gains.
Bitcoin Faces Crucial $80,000 Resistance
Akshat Siddhant, Lead Quant Analyst at Mudrex, said Bitcoin is showing resilience after an attempted breakout.
“Bitcoin is holding strong above the $78,000 mark after attempting to break the resistance at the $80,000 level. BTC is largely mirroring the tech sector’s gains as investors turned bullish after geopolitical tensions eased,” he said.
He added that more than $330 million in leveraged positions were liquidated over the past 24 hours, showing elevated volatility.
“If bulls maintain control, BTC could extend toward $81,000. However, with upside liquidity already tapped, a pullback toward $76,000 remains possible without sustained buying,” Siddhant said.
Market Momentum Improving
The CoinDCX Research Team said Bitcoin surged near $79,500 before facing rejection and slipping back toward $77,600. “After surging close to $79,500, Bitcoin price faced a rejection and is currently trading around $77,600.”
The team said top altcoins were holding gains and trading above support zones, indicating improving bullish momentum across markets.
It added that one of the key triggers for Bitcoin sentiment was the extension of the ceasefire with Iran by the US President, while US equity markets, including the S&P 500 and Nasdaq, closed at record highs.
Oil Spike, But Bitcoin Stable
WazirX Market Desk said oil prices moved above $100 per barrel after renewed concerns near the Strait of Hormuz, but Bitcoin remained relatively steady. “Bitcoin traded in the $77,800-$78,500 range, holding steady near recent highs.”
Ethereum traded between $2,350 and $2,400, while Bitcoin dominance remained near 58-60 per cent, suggesting investors are still preferring large-cap digital assets over smaller altcoins.
The desk also noted that on-chain metrics continue to show supply leaving exchanges, often seen as a positive scarcity signal.
What Levels Traders Are Watching
Riya Sehgal, research analyst at Delta Exchange, said Bitcoin remains in an uptrend despite a short-term pause. “The crypto market is entering a constructive phase, with price action and derivatives data aligning.”
She said Bitcoin is seeing fresh futures positioning and rising open interest, indicating new capital entering the market rather than just short covering. “A break above $79,500–$80,000 could open a move toward $82,000, while pullbacks may attract buyers unless supports fail.”
According to her, $75,000 remains an important demand zone.
Ethereum Still Lagging
Sehgal said Ethereum continues to underperform Bitcoin in the short term and remains below a major resistance zone. “ETH must reclaim $2,400 to signal strength; otherwise, range-bound action may continue,” he added.
Still, she said staking trends continue to reduce liquid supply, supporting Ethereum’s longer-term outlook.
April 23, 2026, 10:19 IST
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