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BITCOIN PRICE ANALYSIS & PREDICTION (April 7) – BTC Dips to Five-Month Low After Posting Double-Digit Loss Weekly

  • Bitcoin experienced a major price breakdown, losing 8% and dipping to a five-month low of $74.5k.
  • The recent monthly buy near $89k failed to push the price higher, leading to a bull trap and subsequent drop.
  • The daily low is currently serving as support, but Bitcoin is likely to test the $71k - $70k range before stabilizing.
  • Key resistance levels to watch are $81,135, $85,800, and $88,765.

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