Bitcoin Technical Analysis: 6 APR 2025
Active Bitcoin CME gap for the weekend. Source: TradingView
General View
After breaching the rising wedge pattern, Bitcoin faced increased selling pressure, but that pressure could not drag price extensively lower. Instead, BTC stabilized around the intra-day support zone between $81,000 and $83,000. This resilience suggests that buyers are still active, absorbing sell-offs at key levels. The broader structure continues to show signs of consolidation beneath the descending trendline, with an active CME gap acting as a potential upside magnet. If bulls continue to defend this zone, the market could be preparing for a much more meaningful bounce.
On The Upside
Price has been under slight selling over the weekend, however, an active CME is present, which might push price back to Friday’s closing. Price could face a short-term hurdle at the 83,350 level. Meanwhile, a strength above this would push the price back to $84,000 levels.
On The Downside,
Bitcoin has intra-day supports at $82,650 and $82,300 levels. These are short-term, lower time-frame support levels. If price loses these, it’s likely to take another intra-day fall towards $81,450 to $81,150 levels. These are the ranges that have been shielding Bitcoin from entering a major selling round. Sellers need to push the price below these levels to break the $80K threshold.
Bitcoin holding intra-day support levels. Source: TradingView
