FieryTrading

πŸ”₯ Bitcoin Reversal Call Successful: Bounce Incoming

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
During the massive sell-off last Friday, I made an analysis on Bitcoin where I stated that the bottom was likely to be in and that a reversal was to be expected.


And indeed, Bitcoin saw a massive move to the upside yesterday. In my view, this massive move confirmed my idea that we were going to see a big green candle in the near future to confirm the reversal. Be aware that BTC might re-test the bottom support of the channel before going parabolic again.

For the coming weeks, I'm targeting the $67k - $70k area. Let's hope for a prolonged bullish move to 100k and beyond.

Happy trading!

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