Bitcoin (BTC) showed weakness as Wall Street opened on April 1, attempting to retest the $68,000 support. BTC price had a rough start to Q2, losing more than 4.5%, according to data from Cointelegraph Markets Pro and TradingView.

Despite the lack of outflows from Grayscale Bitcoin Trust (GBTC), the return of institutional flows failed to provide further upside. Popular trader Daan Crypto Trades suggested that the Easter holiday period could be a factor.

Currently at its lowest levels since March 25, BTC/USD has given traders time to think. For Daan Crypto Trades, a break below the 200-period moving averages on the 4-hour time frames was out of the question, with the current level at $67,330.

Meanwhile, QCP Capital's latest "New York Color" update sent to Telegram channel subscribers warned of increasing "downside pressure" in crypto spot markets.

Trading resource Material Indicators, which examines forex order book liquidity on Binance, painted a pessimistic picture for BTC price movement between now and the upcoming block subsidy halving.

Alan noted that Bitcoin could cause problems for institutional buyers as the price moves in relatively uncharted territory. Still, once the halving is behind us, belief in new all-time highs is justified, he said.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.