Bitcoin struggled to break past key resistance levels on April 3, 2026, signaling sustained bearish pressure. Trading at approximately $66,896, BTC remains below all major moving averages, confirming a downtrend. Technical indicators like the RSI at 42.95 and a negative MACD further suggest weak buying interest and seller dominance.
Bitcoin showed signs of weakness on April 3, 2026, failing to make positive moves following its previous high. From a technical standpoint, evidence suggests sellers have maintained the upper hand.
At the time of writing, Bitcoin was trading at $66,896, according to CoinMarketCap. The cryptocurrency gained 0.33% over 24 hours but displayed slowing momentum.
Analyst Ted pointed out that BTC is yet to exhibit strength. The asset hit an all-time high around $76,000 last month but is trading in a pattern of higher highs and lower lows.
Ted emphasized that the $69,000 to $70,000 range is a critical level containing short positions. He noted BTC could revisit this level before further selling pressure appears.
Bitcoin continues to trade below all its moving averages, with the 20-day SMA at $69,345 and the 200-day SMA at $89,866. This confirms the broader downtrend in the market.
The RSI stands at 42.95, lower than its signal line, which suggests buying interest is weak. The MACD also demonstrates negative momentum, implying sellers maintain dominance.
Overall, Bitcoin remains under pressure despite some positive developments. Market players are monitoring the $69,000–$70,000 level for signs of further action.
