{"id":10996,"date":"2026-04-10T04:11:07","date_gmt":"2026-04-10T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-turns-higher-can-it-print-new-monthly-highs\/"},"modified":"2026-04-10T04:11:07","modified_gmt":"2026-04-10T04:11:07","slug":"bitcoin-price-turns-higher-can-it-print-new-monthly-highs","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-turns-higher-can-it-print-new-monthly-highs\/","title":{"rendered":"Bitcoin Price Turns Higher, Can It Print New Monthly Highs?"},"content":{"rendered":"<p><em>Bitcoin price started a strong increase above the $71,500 zone. BTC is consolidating gains and might aim for more gains above the $73,250 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin gained pace for a move above the $71,500 and $72,000 levels.<\/li>\n<li>The price is trading above $71,500 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a bullish flag pattern with resistance at $71,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might extend gains if it stays above the $71,500 and $71,250 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Aims for More Gains<\/h2>\n<p>Bitcoin price managed to climb higher above the $70,500 resistance zone. BTC gained pace for a move above the $71,500 and $72,000 levels.<\/p>\n<p>The pair even rallied above the $72,500 level. Besides, there was a break above a bullish flag pattern with resistance at $71,250 on the hourly chart of the BTC\/USD pair. A high was formed at $73,130, and the price started a downside correction. There was a move below the 50% Fib retracement level of the upward move from the $70,536 swing low to the $73,130 high.<\/p>\n<p>However, the bulls were active above $71,500. Bitcoin is now trading above $72,000 and the 100 hourly simple moving average. If the price remains stable above $71,500, it could attempt a fresh increase. Immediate resistance is near the $72,500 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-891214\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/Bitcoin_d54008.png?resize=1024%2C512\" alt=\"Bitcoin Price \" width=\"1024\" height=\"512\" \/><\/p>\n<p>The first key resistance is near the $73,250 level. A close above the $73,250 resistance might send the price further higher. In the stated case, the price could rise and test the $74,000 resistance. Any more gains might send the price toward the $74,500 level. The next barrier for the bulls could be $75,000.<\/p>\n<h2>Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $73,250 resistance zone, it could start another decline. Immediate support is near the $71,500 level or the 61.8% Fib retracement level of the upward move from the $70,536 swing low to the $73,130 high.<\/p>\n<p>The first major support is near the $71,250 level. The next support is now near the $70,500 zone. Any more losses might send the price toward the $70,000 support in the near term. The main support now sits at $69,500, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $71,500, followed by $71,250.<\/p>\n<p>Major Resistance Levels \u2013 $72,500 and $73,250.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a strong increase above the $71,500 zone. BTC is consolidating gains and might aim for more gains above the $73,250 zone. Bitcoin gained pace for a move above the $71,500 and $72,000 levels. The price is trading above $71,500 and the 100 hourly simple moving average. There was a break above a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10997,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-10996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=10996"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/10997"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=10996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=10996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=10996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}