Technical analysis by Bitstamp about Symbol BTC on 4/17/2025

GM Market Enthusiasts,In today’s update, we turn our attention to Bitcoin’s evolving trend. Since the end of February, BTC has been tracing a steady pattern of lower highs and lower lows. Currently, it remains below the 200-day simple moving average, consolidating around the 85K mark — a zone that has served as a resistance in recent days.The big questions now are:When will this downtrend lose its grip? At what point might Bitcoin reclaim ground above the 200DMA?How long do you expect BTC to remain within this descending channel? And when the breakout comes — which direction will it take?We’d love to hear your thoughts — where do you see Bitcoin heading next?