In the previous assessment, we noted that BTC/USD was having trouble pushing above $7500. We noted that a hold below $7500 with a dip below $7200 would open up $6000. Price did top out $7500, but it hasn't just immediately plunged to $6000. still the move to $6700 was fast, and we might see some near-term bounce before further downside.BTC/USD 1H Chart(click to enlarge)In the 1H chart, we can see that price could not hold above the 200-hour simple moving average (SMA). Price action actually formed a head and shoulders just under $7500 and eventually fell below it.The RSI has swung back below 30. This reminds us that the prevailing bullish momentum in April so far is dead. In fact, if the RSI comes back up and holds under 60, we are likely going to see more downside, at least back to the $6450 low. Also, we should monitor price. If BTC/USD fails to push above $7200 this week, we are likely going to see downside over the weekend into next week towards $6450. A break below $6450 would confirm the bearish outlook towards $6000.From CoinPowR