🔥 Bitcoin Has Bottomed. For Now.

20 ביוני 2022

After seeing a huge move last week, BTC has reached the lowest weekly RSI reading in history. This will most likely stop aggressive shorting and give way for investors to buy the dip.

In my view, we can see a move to 23K or potentially even 26.5k in the coming weeks. However, I think that this will again be a dead-cat bounce which will result in another bearish move which will bring us below 15k.

Nevertheless, some great short-term pumps can be expected if BTC will stop from dumping further.

See below for my longer-term BTC outlook.