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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.

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