Technical analysis by cryptodailyuk about Symbol BTC on 4/8/2025

BTC has once again bounced off the upper border of the downtrend channel. Here, it is worth remembering the long-formed gap around $74,500, which was closed during the last decline.Here, you can see how the price fell into a strong support zone from $77,742 to $73,980, but if this zone is broken, we can again see a strong decline around also very strong resistance and the lower border of the channel at $68,590.Looking the other way, you can see that the increases were stopped by the resistance zone from $84,000 to $86,700, only breaking out of this zone at the top will give the possibility of growth towards strong resistance at $94,300.The RSI is still in the lower part of the range and is again heading towards the lower borders, but here the price has formed a lower low, which can still give another reaction.