BTC outlook for 12 April 2022.

BTC has closed below support and is now currently making a retest. If BTC manages to close back above support it would have made a good fake out on support and bullish momentum can be expected back towards the next major resistance zone. If BTC continues to reject the previous support and continues with its bearish momentum then I expect it to close below 40k by the end of the week and finally retest my trend line.