{"id":847339,"date":"2025-05-10T23:12:18","date_gmt":"2025-05-11T04:12:18","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/10\/bitcoin-price-analysis-prediction-april-7-btc-dips-to-five-month-low-after-posting-double-digit-loss-weekly\/"},"modified":"2025-05-10T23:12:18","modified_gmt":"2025-05-11T04:12:18","slug":"bitcoin-price-analysis-prediction-april-7-btc-dips-to-five-month-low-after-posting-double-digit-loss-weekly","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/10\/bitcoin-price-analysis-prediction-april-7-btc-dips-to-five-month-low-after-posting-double-digit-loss-weekly\/","title":{"rendered":"BITCOIN PRICE ANALYSIS & PREDICTION (April 7) \u2013 BTC Dips to Five-Month Low After Posting Double-Digit Loss Weekly"},"content":{"rendered":"

Bitcoins <\/p>\n

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In a fresh dump, Bitcoin<\/a> lost 8% today as it closed last week\u2019s trading below a key level. This triggered a major price breakdown and is now looking super bearish on the daily chart while losing momentum.<\/strong><\/p>\n

The recent monthly buy near the $89k level generated some positive sentiment last week, but it later halted after failing to advance higher.<\/p>\n

This led to a fake out as millions of dollars of short positions were liquidated on futures, leading to a bull trap. The price later dropped throughout the week and closed highly bearish after losing $80k.<\/p>\n

Today marks its biggest loss ever since the rejection and is now looking strongly bearish as it dipped to $74.5k today, marking its lowest level in five months. A slight recovery from this level has brought trading back to $77.2k at the time of writing.<\/p>\n

It currently aims to retest the $80k level that cracked during yesterday\u2019s dump. We can expect more sell-offs as soon as the price retests this key level. This may come into play during the New York session.<\/p>\n

The daily low is currently serving as support. If it holds, we can expect a brief break in the selling pressure. But from the look of things, Bitcoin will most likely test the $71k \u2013 $70k range before calming. Right now, the bulls are off the market.<\/p>\n

Bitcoins BTC\u2019s Key Levels To Watch<\/strong><\/h2>\n

Bitcoin just rejected the daily $74,500 low and now sits above $76,606. Losing these levels could drive the price lower to $73,620 and mainly the $70,578 support in the next dip.<\/p>\n

Following a slight recovery from the daily low, it may retest the $81,135 resistance, along with the recently broken rising trendline. Resistance levels above this trendline are $85,800 and $88,765, where it initiated the current leg down.<\/p>\n

Key Resistance Levels: $81,135, $85,800, $88,765<\/p>\n

Key Support Levels: $76,606, $73,620, $70,578<\/p>\n