- Bitcoin drops 12% after failing to break $88K resistance zone.
- A strong bearish trend follows rejection at key price levels.
- Bitcoin faces a struggle to reclaim momentum while under pressure.
Bitcoin faced a sharp decline on April 7, 2025, dropping 12% from its price range of $87,000 to $77,000. The downward movement followed a clear rejection at resistance levels, as shown in a chart published by Crypto Patel. The chart highlights a significant failure to break through key zones, leading to a strong sell-off. As a result, Bitcoin price dropped to $77,175, reflecting a market sentiment dominated by bears.
Crypto Patel’s chart analysis indicates that Bitcoin hit a key resistance zone near $88,000. This level aligns with a combination of an order block (OB) and a filled fair value gap (FVG). Despite attempts to push higher, Bitcoin failed to break through this resistance, resulting in a subsequent drop.
Key Resistance Levels and Market Response
The key resistance zone, marked by the order block (OB) and filled fair value gap (FVG), acted as a strong barrier for Bitcoin. These areas provided the market with clear signals that the price was likely to face rejection. Despite initial bullish attempts, the resistance proved too strong to break, causing Bitcoin to reverse sharply.
Consequently, the market responded with a significant price drop. This fall represents a clear technical rejection, showing that the market is not ready to push higher at this point. The inability to break through the resistance at $88,000 suggests that Bitcoin is facing substantial downward pressure.
Additionally, the chart shows the price plummeting as it moves away from the resistance. This further supports the idea that the market remains under bearish control. For traders, this signals that the bullish trend is not currently sustainable.
The Impact of the Failed Breakout
A key takeaway from the analysis is the failure to break above the key resistance level. According to Crypto Patel, this breakout failure triggered a rapid price decline, confirming the bearish market sentiment. This move serves as a stark reminder of how quickly Bitcoin can lose value when resistance holds firm.
Moreover, this sudden drop of 12% underscores the importance of patience in market trading. Traders who entered positions at the wrong time, near resistance, may now face substantial losses. For those looking to trade Bitcoin, this failure reinforces the need to identify key resistance zones accurately.
Hence, Bitcoin’s resistance at $88,000 will likely continue to act as a psychological barrier. Unless the market shows signs of a reversal, the price may remain under pressure, leading to further declines.
Can Bitcoin Overcome Resistance or Will the Bearish Trend Continue?
Bitcoin’s failure to break through resistance leaves traders questioning whether the bearish trend will continue. The $88,000 level remains critical for the next move. If Bitcoin cannot manage to break this zone, it may face more downside pressure.
Significantly, market sentiment appears increasingly bearish, as confirmed by the chart pattern. Unless a clear catalyst emerges, Bitcoin’s price could remain locked in a downward channel. Investors and traders will likely need to monitor the $88,000 resistance closely for signs of reversal or further rejection.
The question remains: will Bitcoin break through resistance in future attempts, or will the price continue to slide?
