Greetings friends!  In my last post here here I  made mention of Bitcoin rebounding to 80k price territory, and that was on Saturday last week. I was really  waiting to see what will happen this week. Now bitcoin started the week really good with green candles, pricing towards the upper territory at $70k price territory.

Last week before the prediction, Bitcoin was trading in the range between $66k and $66,700. this play was obvious and simple enough  to capture the minds of major market participant, through the developing pattern from the lower time frame, since every market changes begins from the lower time frame and play into the higher time frame , the play was much recognizable in 4hr market time frame.

Bitcoin price played into $70k price level, then we had sharp resistance at that $70k territory, as the result of people being overwhelmed by market price anxiety  (market jitters). They sold into this levels, causing prices to depreciate.  We were already at $70k price levels as on Monday 07,April,2026, and probably heading towards the $80k price levels. But fear from investors and traders pulled the price lower.

Well, while still writing this review, Bitcoin price was at $68k price levels. But we are going to watch out for further decline, like as in; if price reaches $66,400 price level, and eventually breaks this level lower, then we will see bitcoin at $58k price levels. However, the possibility at the moment is very slim, why is because I see we are beginning to have an increasing volumes to the upside, triggering supply absorption, let's hope the hidden demands is enough to swallow the supply.  well, that will be all for now. Be sure to  get involved in the market wisely, no financial advice!