Date: 2023-04-04T17:52:41Z Creator: Bitfolio Academy
Great news for Bitcoin! The indicators on this Tuesday, April 4, show that BTC is exhibiting remarkable strength across all charts. On the 4-hour chart, BTC remains in the green buy zone. On the daily chart, BTC has formed a bullish flag, indicating that a breakout to upside is very possible. The most exciting development, however, is on the weekly chart, where BTC has just signaled a buy. This is the first time since the first week of February, marking a significant uptick in Bitcoin’s performance.
With the price gains in January and February, Bitcoin sentiment rose in March.
But, it is not all good news. We are still 1 year away from the next Bitcoin halving event. And, despite rallies in the S&P500, consumer sentiment dropped 5 points in March.
Nevertheless, BTC is finding clear support at 27k and likely resistance at 31k.
Stay tuned for more updates.
Let me know in the comments. 🤔
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Disclaimer: I am not a registered investment advisor, nor a financial advisor. All of my videos are strictly my personal opinion and are not financial advice. Do your own research.
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