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April 1 Bitcoin Update – Bullish Q1 and March Monthly Candle Close

Written By: ChartChamp

April 1, 2024

$BTC had a bullish close Q1 and March monthly candle close that was above the previous all time high at $69k. April should be a tricky month, I think Bitcoin has been overbought for quite some time now. There have been 7 consecutive green monthly candles, and in Bitcoin’s history there has never been 8 green monthly candles in a row. At the same time April is one of the best performing months for Bitcoin so we’ll see if BTC can form a new historic record here. For now the price is holding above the yellow trendline on the macro perspective, and BTC continues to trade above the red support zone in the short-term perspective.

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