Bitcoin easily recovers 17.5% within one day + v-bottom.
BTCUSD has reversed 17.5% in very short order follow a v-bottom, showcasing a powerful bullish engulfment candle on excellent volume. Price then breaks out of its recent downchannel, and has now formed multiple pennants.
RSI is also trending up though still below that 50 line.
Momentum has double-bottomed but still below that zero line.
My hunch is that barring another news-driven event, BITCOIN will soon recover to at least $12500, but more likely back up to $14000.
That's just my hunch, and I could be wrong.
RSI is also trending up though still below that 50 line.
Momentum has double-bottomed but still below that zero line.
My hunch is that barring another news-driven event, BITCOIN will soon recover to at least $12500, but more likely back up to $14000.
That's just my hunch, and I could be wrong.
