Bitcoin Analysis 7th April 2025
Bitcoin Weekly Chart. In the previous analysis, we stated that the $92K price is very important and said that if it breaks, it can make a new breakout. However, due to many reasons such as the economic decisions of the Trump administration during the week, the liquidation situations in global stock exchanges, this resistance could not be broken and the price has turned down with the liquidation of long positions in Bitcoin. Looking at the chart, we see that the double top formation that took place in November 2024 and February 2025 is working. This seems to have started a downtrend in the long time frame. If it comes to $73k and loses this support, the price may now fall below $70k…
By: Halis APA
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