BTC Bottom Correction May Be In - 70K likely by Mid-May

Panjang

Bitcoin (BITSTAMP:BTCUSD)

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trendanalysis indicator chartpattern bitcoin reversal bullish long-term

We see the similar bottom flatting of STOCH RSI on the Daily on all previous ATHs this year, and this could very well signal both a new bull channel, not quite as steep as the 1st quarter, but actually healthier, and more sustainable to easily hit a target of 70K by mid May. 26 - 30 % correction seems par for the course. We should know by the end of April 26th 2021 if this trend is indeed what we're looking at.

Komen:

also we see the MACD rolling over and fast average starting to reverse which gives plenty of headroom for upside. expect volatility but this looks like a bullish move in the making

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