BTC has reached our long term price target and is very oversold on longer time frame (weekly +) indicators. Shorter term indicators would show a strong divergence on a reversal at our demand zone.
In the near term, a mean reverting move back to low-to-mid 30k range would be expected, but this low could turn into a more durable bottom for a move to new all time highs.
In the near term, a mean reverting move back to low-to-mid 30k range would be expected, but this low could turn into a more durable bottom for a move to new all time highs.
