BTC: Possible Double Bottom Has Formed

31 Mei 2021

Are you tired of me covering BTC yet? BTC appears to have formed a double bottom on the daily with a strengthening RSI trend. The next milestones BTC needs to make in its attempt at a comeback are a close above May 26th's 39.2k close (likely in my opinion) and then a close above the 200 day ema at around 41.7k (more difficult) to support the idea that the break under the 200 day was more of a liquidation fluke than a broader long term bear market trend.