BTCUSDAfter the massive selling pressure yesterday, Bitcoin bounced at the 52900 level. Today, we saw a huge correction to the upside.
As we can see, the last two daily candles form an engulfing pattern.
We also saw a higher wick of the daily candle than the yesterdays candle opening.
If the daily candle remains or closes above the yesterdays candle, we might see a bullish reversal which will confirm the higher low of last night.
Therefore, within the next 2-3 days we will see a retest of the 60K levels.
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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.