📉 Bitcoin remains under pressure as of April 2, but one optimistic analyst points to a potential breakout above a formation that could propel the price to $80,000. 🚀

📈 Despite the current dip, the analyst notes a bullish pennant formation on the daily chart. If buyers step in, rejecting lower lows, Bitcoin may surge above recent all-time highs and reach new territories. 📈

📉 Bitcoin is down 5% in the past 24 hours and 7% in the last week, trading around $66,000. It's 11% below all-time highs and under pressure, trading below the middle BB, indicating sellers are in control. Further losses might lead to a test of crucial support levels. 📉💼

⏳ Traders await developments, with sellers currently in control despite optimism. A bear breakout below the pennant could drive prices towards $60,000, while rejecting lower lows could pave the way for higher highs towards $73,800. ⏳🐻📈

💡 Potential catalysts for further gains include the highly anticipated halving event, which could see prices rise with emission rates slashed by 50%. Institutional demand, however, appears to be slowing down. 💰📉