#Bitcoin- Is this a genuine reversal?
Bitcoin has spent the weekend hovering around 54k recent low, just to spike up a few hours back, in Asian session.
At this moment the price is 57300, well above 55.500 support
Regardless of this 10% rise from the bottom to the top, BtcUsd is still under trendline resistance and the important 60k and the situation is still unclear.
Only a continuation of this rise and a new high above 58.500 would convince me that the correction is over and it is time to buy.
Till then my approach is to wait and see
