Technical analysis of this price action identifies two key resistance zones that have already proven their relevance. The first, Bearish Order Block 1, is in the $76,000 to $79,000 range and was the zone where Bitcoin’s most recent rally attempt in March ran out of steam, producing another lower high on the daily timeframe. Above that, Bearish Order Block 2 extends across the $88,000 to $92,000 region.
Furthermore, two conditions that Crypto Patel noted as prerequisites for bearish continuation have now been met. The $66,000 breakdown has been confirmed, and the subsequent retest of $69,000 as resistance in the first few days of April.
Next Move To $45,000 And What Could Change It
