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

April 5 Bitcoin Update – Resistance at the Red Zone

In yesterday’s update I discussed how $BTC is forming a bullish rebound off the green support line. This was a very bullish rebound with bulls buying up the dip well above the support level. I also discussed how the yellow trendline and red resistance zones are two key price levels to monitor for resistance on the way up. BTC is currently facing resistance at the red zone, but bulls are continuing to push the price up still. All eyes on the red resistance zone to see if it breaks on this next move up.

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Ethereum Suffers from Outdated Tech Design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