Thursday, April 23, 2026
Bitcoin ↓ -0.9%
Smart Money Concepts analysis of Bitcoin for 2026-04-23. Open $78,901, close $78,195, intraday range of 2.17% ($77,228–$78,901).
Smart Money Concepts read
Bitcoin closed in bearish mode with light momentum. The 2.17% intraday range reflects strong institutional activity (volume $49.8B).
Structure: Consolidation, possible accumulation before impulse.
vs 7-day MA: close is above the 7-day moving average ($75,560) by +3.49%. Bullish bias confirmed by MA7.
Methodology
These daily analyses are computed from official CoinGecko data (open, high, low, close, volume). The SMC narrative combines daily change, intraday range, position vs 7-day moving average and institutional volume. For the full framework, see our SMC pillar guide.
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