BTC Bottomed out?? we saw a huge correction across the entire crypto market today, and even a week ago we had a smaller correction. I think corrections can vary in timeframes from a short one to a longer one like we are seeing now over the course of a week. We almost perfectly bounced off the 0.6 FIB level or 30K and now have recovered even above the 0.5 FIB/ 38K. These are both very strong levels and i would really like to see a close tonight above 38K. For the first time since March 2020 we are actually in the oversold zone of the RSI, we should be able to get some momentum back soon. 1 other thing that we need to do is regain the 200 day MA, this is very very key guys remember that, if we don't get back above the 200 day (purple) MA we could see some more downside. Not financial advice it is really difficult to say where we are headed but with the technical standpoint i say we recover. No one knows for sure but that is the most likely move, Just my opinion!
