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April 11 Bitcoin Update – BTC Has a Strong Rebound

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.

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