Technical analysis by D_Virtual about Symbol BTC on 4/1/2025

Bitcoin is likely to face short-term downward pressure in the next few days, primarily due to bearish technical signals and mixed sentiment. The price may test lower levels, such as around $71,000, as indicated by technical resistance. However, fundamental factors like the recent halving and potential interest rate cuts could provide underlying support, possibly leading to a rebound if sentiment turns more positive. Given the complexity of the market and the interplay of these variables, it’s crucial to monitor price action, news developments, and sentiment shifts closely for a clearer direction.