TradingView
lacostenyc
Apr 26, 2021 5:03 AM

BTC Bottom Correction May Be In - 70K likely by Mid-May Long

Bitcoin / U.S. dollarBitstamp

Description

We see the similar bottom flatting of STOCH RSI on the Daily on all previous ATHs this year, and this could very well signal both a new bull channel, not quite as steep as the 1st quarter, but actually healthier, and more sustainable to easily hit a target of 70K by mid May. 26 - 30 % correction seems par for the course. We should know by the end of April 26th 2021 if this trend is indeed what we're looking at.

Comment

also we see the MACD rolling over and fast average starting to reverse which gives plenty of headroom for upside. expect volatility but this looks like a bullish move in the making
More