Prediction: Major Bitcoin Rally within next 24-48 hours
Bitcoin is bouncing off the bottom bullish trendline formed since April 2019 and the price is slowly moving upward. The RSI has not been this oversold since 10/24/19 when BTC bulled from $7,500 to $10,500. Because of both of these factors, I believe bears are exhausted and I expect a major rally upward in the next 24-48 hours, eventually bringing us up to retest the top of the triangle formation at about $9,500.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.