Monday, 20 April 2026

Bitcoin Rallies to the Bear Market Resistance Band

In this video: Bitcoin has rallied back into a key technical area, the Bear Market Resistance Band, formed by the 20-week SMA and 21-week EMA. Historically, this zone often becomes a major battleground during weaker market environments, where rallies can either reclaim momentum or fail into renewed downside pressure. Video by Benjamin Cowen.

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With price now testing this level, the next move could carry important implications. Bulls will argue that reclaiming the band could mark improving structure, while bears will point to the broader macro backdrop, liquidity conditions, and historical cycle behavior as reasons for caution.

In this video, we break down why this resistance zone matters, how it has behaved in prior cycles, and why I still view the broader environment as a bear market until proven otherwise. We'll also discuss what signals could change that outlook, and what to watch next for Bitcoin and the wider crypto market. Visit Trading Platform >>



Insights Today

-Geopolitical Impact: Prices pulled back from recent 10-week highs of $78,000 following reports that the Strait of Hormuz has been closed again . This has triggered a "risk-off" move across global markets, though analysts note Bitcoin is showing structural resilience.

-Institutional Inflows: Despite the price slip, institutional demand remains robust. Spot Bitcoin ETFs recorded nearly $1 billion in inflows last week, the highest level since January 2026.

-Corporate Accumulation: Capital B confirmed the acquisition of 12 BTC today for €0.8 million, bringing its total holdings to 2,937 BTC.

-Regulatory Status: The market is benefiting from increased clarity as major cryptocurrencies were officially classified as "Digital Commodities" earlier in 2026, which has encouraged long-term institutional allocation.

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