Analyzing Bitcoin’s Technicals: Range-Bound as Market Awaits US Inflation Report

Bitcoin’s price on April 10, 2024, was marked by substantial volatility. Ranging from $68,207 to $70,917, showcasing a dynamic market environment. 

With a market cap of $1.35 trillion, BTC exhibited a neutral stance amid oscillators and moving averages signaling cautious selling tendencies. The day’s trading volume hit $32.92 billion, reflecting intense market activity and a quest for direction. 

While indicators like RSI and Stochastic indicated market balance, the MACD hinted at bearish undercurrents, contrasting with bullish signals from moving averages. The observed volatility on the daily and 4-hour charts underscores investor indecision. Prompting a vigilant approach in navigating potential breakouts or support level rebounds.

Clever Robot News Desk 11^th April 2024