Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

April 11 Bitcoin Update – BTC Has a Strong Rebound

Written By: ChartChamp

April 11, 2024

Yesterday I discussed how BTC was losing multiple support levels, but I thought that BTC would have a rebound without dropping lower. We did get that swift rebound, and BTC formed a long wick below the yellow support line. This yellow support line still ended up holding as support, and BTC has now risen above the red resistance zone as well. I think BTC is finding support here, and there could be some more upside if BTC forms a bullish bounce off this red zone.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

The Altcoin Market is Rebounding

Bitcoin has held above $60.3k, and the Altcoin market is forming a bullish rebound as well. Altcoins experienced a failed bullish breakout a few days ago, the Iran news sent the price back down. However, I think Altcoins could form a bullish breakout on the next or third attempt. For now there’s likely to be […]

Read More
Default Thumbnail

Bitcoin Holds Above $60.3k Support

Bitcoin continues to hold above $60.3k support, and has broken above the $61k price level discussed yesterday. I have $62,250 as the next key resistance target that Bitcoin needs to break. There is still the risk of $55k so I recommend paying attention to the updates. For now I would monitor $62.5k to see if […]

Read More
Default Thumbnail

Ethereum Suffers from Outdated Tech Design

I think it’s time to have a serious discussion about the possibility of Ethereum losing its #2 spot. While Ethereum has performed well in past cycles, the times have changed and better tech has emerged. I think the key problem for Ethereum now is that it has a flawed design, and the devs are trying […]

Read More
Default Thumbnail

The Altcoin Market is Rebounding

Bitcoin has held above $60.3k, and the Altcoin market is forming a bullish rebound as well. Altcoins experienced a failed bullish breakout a few days ago, the Iran news sent the price back down. However, I think Altcoins could form a bullish breakout on the next or third attempt. For now there’s likely to be […]

Read More
Default Thumbnail

Bitcoin Holds Above $60.3k Support

Bitcoin continues to hold above $60.3k support, and has broken above the $61k price level discussed yesterday. I have $62,250 as the next key resistance target that Bitcoin needs to break. There is still the risk of $55k so I recommend paying attention to the updates. For now I would monitor $62.5k to see if […]

Read More
Default Thumbnail

Ethereum Suffers from Outdated Tech Design

I think it’s time to have a serious discussion about the possibility of Ethereum losing its #2 spot. While Ethereum has performed well in past cycles, the times have changed and better tech has emerged. I think the key problem for Ethereum now is that it has a flawed design, and the devs are trying […]

Read More