Technical analysis by Quantific-Solutions about Symbol BTC on 4/6/2025

Bitcoin is currently in a short-term downtrend, showing some weakness. Last week, the price traded within a tight range, sparking hope for an upward shift. However, Bitcoin remains below the 200-day moving average (200MA), which is still a significant hurdle for any bullish momentum to gain strength.Key support levels to watch are at $77K and $74K. If Bitcoin drops below $77K and breaks through the $74K level, it could signal a deeper decline, possibly testing the 46K mark. Until Bitcoin can reclaim the 200MA and hold above key support levels, the market sentiment will likely stay cautious.