The price has made a big bullish move in the last few days. This move did make a break out of the previous resistance line, which has now become a support line. The RSI was way overbought when the top of that bullish move was reached. The price needed a correction, and it has formed. The bearish correction is still forming, and we are expecting the price to touch the previously mentioned support line. From there we are expecting a bullish bounce. Huge upside potential on Bitcoin!
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Feel free to grab a copy of our free Weekly Market Outlook here:
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