Bitcoin stays simply above the damaged assist degree at $66,900 as a possible bear flag varieties on the 4-hour chart and the day by day MACD reaches one in all its most destructive values within the present cycle, rising the chance of a transfer in direction of $63,000 heading into the illiquid Good Friday weekend.
Bitcoin (BTC) is buying and selling at $66,891 as of April 3, 2026, and stays barely above the earlier horizontal assist degree at $66,188, after falling from March highs close to $76,000. The day by day supertrend indicator is at $74,093, effectively above the pink value, confirming the prevailing bearish regime. Quantity on the day by day chart spiked sharply in the course of the latest selloff, however this sample is extra in step with compelled promoting reasonably than orderly distribution.
On the 4-hour chart, value has shaped a small upward channel for the reason that latest intraday low, with the present shut close to $66,891, simply above the 4-hour supertrend assist at $65,549. Whereas this short-term construction seems to be tentatively constructive in 4H, it sits inside a a lot bigger downtrend and is extra prone to be a bear flag reasonably than a real reversal.
A bear flag is a brief, shallow restoration that varieties inside a downtrend earlier than the subsequent bar falls. The 4-hour ascending channel on the Bitcoin chart matches this description. The value has recovered at a gradual angle, with the 4-hour MACD histogram remaining considerably destructive at -169 and the MACD line at -203 in comparison with the sign -33. There isn’t a bullish crossover within the 4-hour MACD and the histogram continues to develop within the pink.
On the day by day chart, the MACD readings are extra excessive. The MACD line is at -862 for the sign -223 and the histogram is -639. Investec’s technical evaluation on April 3 concluded that Bitcoin “has damaged by means of the decrease sure of the uptrend channel within the quick time period” and has damaged by means of assist at $67,300, “which predicts additional declines.” The 50-day SMA is round $69,089 and the 200-day SMA is close to $70,280, each of that are trending decrease than the present value and supply numerous resistance to any restoration makes an attempt.
Key ranges, goal costs, and voids
Fast assist lies on the present 4th hour supertrend studying at $65,549. A This fall shut under this degree might speed up the transfer in direction of the subsequent main assist space in value historical past in early 2026 at $63,000-$64,000. Based on technical evaluation revealed by CoinDCX, a deeper breakdown under $60,490 targets $54,000.
Resistance on the upside: The damaged $66,188 degree is now a resistance reversal. The highest of the 4-hour ascending channel close to $68,400 additionally coincides with the 4-hour supertrend bearish line and is the primary significant ceiling. If the closing value for the day is confirmed to be above $68,400, the bear flag concept can be nullified and a rescue rally in direction of $70,000 will start.
Choice expiry and market circumstances
Roughly 27,600 Bitcoin choice contracts expired on April 3, with a notional worth of practically $1.8 billion and a most ache degree of $68,000, in keeping with information from Coinglass. The put/name ratio round 0.55 signifies there are barely extra calls than expiring places, however the options-driven rally faces an uphill battle as value trades under most ache.
As reported by crypto.information, Bitcoin fell greater than 4% to $66,250 on April 2 as escalating tensions between the US and Iran pushed oil costs above $100, triggering greater than $420 million in leveraged liquidations throughout the market. CME futures can be closed immediately for Good Friday, eliminating institutional demand and liquidity at a vital juncture.
CoinDCX’s analysis crew famous {that a} “sustained day by day shut of the $67,500 assist zone” is required for the 5-7% restoration in direction of $72,000 in April to outlive. On condition that it was not in a position to regain that degree till subsequent week and the day by day MACD turned considerably destructive, $63,000 seems to be the most probably subsequent goal.
