Bitcoin price slips as daily MACD turns bearish at $76K
Price tested the upper region of the ascending channel near $78,000 on April 28, then retreated sharply, producing the current session‘s high of $77,904 before sliding to $75,834 at the time of writing. The critical technical development on today’s daily chart is the MACD. The MACD line reads at 1,650.21, the signal line at 1,815.33, and the histogram at -165.13, confirming a bearish crossover on the daily timeframe. Crypto analyst Michael van de Poppe said on X that Bitcoin pullbacks ahead of and during FOMC events are typical, but cautioned that a close below $73,000 would signal a deeper correction rather than a routine reset. Key levels: support, resistance, and price targets The immediate support is the SMA 20 at $75,685, which price is currently pressing. A daily close below it removes the first dynamic buffer and brings the SMA 50 at $72,082 and the SMA 100 at $72,659 into focus, both of which converge in a tight cluster near the $72,000 to $73,000 zone that analysts identify as the lower boundary of the ascending channel. A confirmed close below $72,000 would break the ascending channel structure and open a retest of the $65,000 to $68,000 range, where heavy on-chain accumulation occurred