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BTCUSD Reversal to $54,000+
Bitcoin painted the bottom wick of the new March monthly candle earlier this week and is now looking like its in a reversal back upwards to $54,000 and beyond.
BTC couldn’t wick the uptrend or $41,337 when it dipped down and created the higher low, which is very bullish. Also something to note is that the fear/greed index has dropped significantly as the price has been declining the past week.
From here, i’m expecting Bitcoin to hit the $54,000 TP level and if BTC can successfully find a daily close over this level its going to retouch previous highs and find new ones.
Going into later the month, Bitcoin should be fully reversed and finding new highs.
BTC couldn’t wick the uptrend or $41,337 when it dipped down and created the higher low, which is very bullish. Also something to note is that the fear/greed index has dropped significantly as the price has been declining the past week.
From here, i’m expecting Bitcoin to hit the $54,000 TP level and if BTC can successfully find a daily close over this level its going to retouch previous highs and find new ones.
Going into later the month, Bitcoin should be fully reversed and finding new highs.
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