UPDATE on BTCUSD Chart Analysis [11-04-2018]:

Bitcoin has been squeezing into a triangle pattern over the last few days after the initial resurgence from $6,400 to a high of $7,500. Since then, it has been grinding into a tight range with lower highs and higher lows.

With the larger time frame down trend still in tact, there is our short target that i mentioned in a previous post near the $6,000 level that has not been hit as yet.

Click link to follow BTCUSD analysis on TradingView: https://goo.gl/3cvAFk

Unfortunately, the more likely outcome is a DOWNSIDE trend continuation on a probability based assessment due to:

1. Within the triangle pattern, price has struggled to gain momentum (many short candles) and capitulated down (few long candles) indicating buyers are exhausted
2. Key psychological resistance level of $7,000 will offer resistance
3. Overall down trend is still in tact
4. Low volume = trend continuation

Should BTCUSD follow a bullish trajectory and close above the $7,000 level, then I will re-assess and wait for the next pattern to emerge.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.