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Welcome to this Bitcoin update. Yesterday when everyone was panicking i told you to do not panic this is just a normal healthy correction and you see the result today. BTC bounces from the support and reached all the way to above 61k.
So what now?
Currently, BTC is trading at $61,500 and there is a resistance at $61,800 (previously support) so I expect a little pullback from here. When we break and close above this resistance of 61.8k we might see a new ATH.
However, also keep in mind that if BTC break below the 58k support then this chart will invalidated and then we might see 53k-55k. But as long as BTC holds the 58k support we see a new ATH sooner then expected.
Alts update:- Yesterday we saw heavy crash in Alts because of that BTC drop but today many Alts will recovered. As long as BTC is above 58k Alts looks good. I'll soon share some good Alts setups. Be ready.
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This isn't financial advice. DYOR before investing.