Bitcoin fell to a four-month low of $74,500 on April 7, following significant sell-offs in global equity markets triggered by US President Donald Trump's policies. Technical analysis suggests Bitcoin must regain the 50-week exponential moving average (EMA) near $77,500 to avoid a deeper decline. If it fails, predictions indicate a potential drop to around $69,000–$70,000, aligning with historical cycle highs and the average entry point of major holders. Current support is seen at $74,000, backed by a significant cost-basis cluster where over 50,000 BTC are held. Additionally, if Bitcoin breaks below the 50-week EMA, it could target a much lower price of $50,000, typically associated with prolonged bear market patterns. Such analysis underscores the necessity for investors to remain cautious and conduct thorough research amid the volatile crypto market.

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