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

BTC Roars Back Above $61K

Written By: ChartChamp

May 3, 2024

All week I have talked about buying the dip while others are fearful and panic selling. BTC has quickly roared back and is now above the bull pennant support level again. The dip below the bull pennant was concerning, but this drop ended up being a discounted buy opportunity for those willing to take the risk. BTC had a strong bullish rally since Sept 2023, and April was a healthy market correction instead of a market crash. We are just a few days into May, and we have already seen a lot of bullish strength across the markets so far. I remain bullish on May, and we’ll see how the markets are looking headed into summer.

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

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

Bitcoin Dominance Starts to Trend Down

Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]

Read More
Default Thumbnail

XLM Approaching $0.687 Resistance

XLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]

Read More
Default Thumbnail

XRP Approaching $1.95 Resistance Target

XRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.

Read More
Default Thumbnail

Bitcoin Dominance Starts to Trend Down

Bitcoin dominance has hit my key resistance level at the light blue zone, which gives a dominance level of 61.60% to 63.23%. BTC dominance has started to trend down and this is usually when Altcoin season starts. The yellow trendline is a key resistance level for Bitcoin dominance, and we climbed well above resistance here […]

Read More
Default Thumbnail

XLM Approaching $0.687 Resistance

XLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]

Read More
Default Thumbnail

XRP Approaching $1.95 Resistance Target

XRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.

Read More