BTC Update
BTC bounced up exactly from our mentioned $18k - $16k reversal level, more precisely from $17.6k.
There is high possibility of retesting this support area again
Later...
- If bitcoin manages to hold this $18k - $16k then expect mid term uptrend to $30k - $35k before heading down to final capitulation target $9k
- If bitcoin fails to hold above $16k on 3 day chart then be ready for the final capitulation to $9k before any healthy recovery