Lower lows on chart while higher lows on RSI gives bullish divergence , meaning the bears are loosing steam. Long term target might be where the 200 EMA meets earlier major support at around 69000 sats .
Wanna see how this idea plays out :)
Here we go, 18% up for the day so far! Let's see if we can go all the way to the major resistance line in red.
Target reached, and what a move!
We already pierced the resistance at 69000. If we can break through properly, next target is around 90000 satoshis.
Second target reached!
Expecting a correction before we move to around 110000 satoshi.
So we actually moved to 110000 satoshi BEFORE the correction... I would wait for the correction to go down towards the 70000 area and watch price action before buying in again.