Bitcoin in Uptrend That May Test $80,000, Technical Analysis Shows -- Market Talk

Dow Jones04-23 14:11

0611 GMT - Bitcoin is in an uptrend, based on its daily chart, StoneX's Matt Simpson says in commentary. Given $80,000 is now within reach, "it would be surprising not to see [bitcoin] at least test that level, with the potential for choppy, two-way volatility around it," the senior market analyst says. While a small bearish divergence has formed on two-day and 14-day relative strength index indicators, the 14-day RSI has yet to reach overbought territory, he says. This leaves the door open for bitcoin to rise above $80,000 before any meaningful pullback takes hold, the analyst adds. Bitcoin is little changed at $78,296.00, FactSet data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 23, 2026 02:11 ET (06:11 GMT)

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This leaves the door open for bitcoin to rise above $80,000 before any meaningful pullback takes hold, the analyst adds. Bitcoin is little changed at $78,296.00, FactSet data show. 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This leaves the door open for bitcoin to rise above $80,000 before any meaningful pullback takes hold, the analyst adds. Bitcoin is little changed at $78,296.00, FactSet data show. 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