After really strong uptrend, BTC is getting correction on previous HH daily timeframe. Of course, we can still test 29k zone however, before that, BTC needs to pullback.
Of course these are all my predictions however you can find the evidence that BTC will go back to 50k zone.
Daily timeframe
- RSI is oversold. Level is about 23. It will get reaction.
- Price action perspective, BTC is retesting previous HH zone.
-BTC is in the channels towards 39k-29k zone, it is pushphase and it needs to pullback.
First TP is 49k-50k.
Of course these are all my predictions however you can find the evidence that BTC will go back to 50k zone.
Daily timeframe
- RSI is oversold. Level is about 23. It will get reaction.
- Price action perspective, BTC is retesting previous HH zone.
-BTC is in the channels towards 39k-29k zone, it is pushphase and it needs to pullback.
First TP is 49k-50k.