Bitcoin Technical Analysis: 7 APR 2025
Sellers take the lead by breaking the $81K support level. Source: TradingView
General View
Bitcoin has broken down from a key support region, triggering a sharp wave of selling that has taken the price below the $80K mark. The weakness has put bulls under immense pressure, which fears setting a new 52-week low. Additionally, Price is now sitting 6.15% beneath the active CME gap, increasing the likelihood of volatility expanding further in the coming sessions.
On The Upside
Any immediate recovery attempts will face fresh resistance at the previously supportive $81,500–$82,000 zone, which has now flipped into resistance. The Bulls will need to reclaim this zone convincingly to reintroduce momentum. Failure to do so would once again result in a selling spree.
On The Downside
If Bitcoin fails to bounce soon, pressure will likely mount towards the important support zone between $75,400 to $77,000 levels. This area has acted as a base previously over the last few weeks, and losing it could trigger a sharper fall, possibly extending down to the $73,000 region.
Bitcoin CME gap now stretching beyond 6%. Source: TradingView
