Bitcoin is holding a $60,000–$73,000 range, but multiple bearish chart structures suggest a deeper move could follow if $60,000 breaks. A multi-day close above $76,000 and a retest near $75,000 are described as key to invalidating the pattern. Some analysts also point to $52,500 as a downside level, while derivatives data show liquidation risk clustered around $63,000–$65,000.

On April 1, U.S. equities finished higher while Bitcoin hovered near $69K, then on April 2 it slid to about $66K, a 4% drop, as oil jumped from $97 to $108. The move followed President Donald Trump's mixed comments on the West Asia crisis, while options positioning and other hedging signals pointed to continued caution into April.

Bitcoin was rejected near $69,000 on Wednesday and held around $66,000 through the week as oil jumped and risk appetite softened. Private credit fund redemption limits, rising US continuing jobless claims, ETF outflows, and reported miner/corporate sales have added near-term pressure. Traders are watching whether BTC can keep support into the Easter market closure while the $75,000 target remains dependent on improving risk perception.

Bitcoin moved under $66,000 after President Donald Trump's tougher remarks on Iran reversed the prior day's rally above $69,000. The pullback pushed total crypto liquidations past $440 million, including $274 million in long positions, while analysts flagged $65,500 as a key level that could amplify forced selling if broken.

Crypto analyst Minga says Bitcoin is nearing a macro bottom and argues the $58,900–$54,500 range could act as a spot-buying area this cycle. He also outlined a max-pain scenario down to $37,000, while keeping a longer-term projection of a move beyond $120,000 and potentially toward $190,000 in the next bull cycle.

Circle has unveiled cirBTC, a wrapped bitcoin token backed 1:1 by native BTC and aimed at giving institutions verifiable onchain bitcoin exposure across DeFi and TradFi. The company says reserves will be independently checkable onchain in real time, and cirBTC is set to debut on Ethereum and Arc, with multichain support planned. The product is listed as “coming soon” with availability subject to regulatory approvals.

Circle said on April 2, 2026 it will launch Circle Wrapped Bitcoin (cirBTC), a tokenized BTC product aimed at institutional users. The company says each cirBTC will be backed 1:1 by native BTC, with reserves independently verifiable onchain in real time. The initial release is planned for Ethereum and Arc, with crosschain mobility positioned as a core feature.

Soluna Holdings said Thursday it completed a $53 million acquisition of the Briscoe Wind Farm in Briscoe County, Texas, to supply power for its planned Project Dorothy 3 AI data center campus. The company said the site can reach up to 300 MW of capacity and projected annualized revenue of $20 million to $24.4 million. Soluna shares rose about 7.6% after the announcement, trading around $0.76 at the time of writing.