A move back to the mean
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
A move down to 25,400 was a perfect opportunity for buyers as we can see BTC have printed a Bullish Doji candle.
BTC hit the lower band, which has shown that it is time to scoop up the sats .
Bitcoin also landed perfectly on the vwap from the corona bottom and also the 200 weekly moving average.
We also see divergence on the volume indicator which could indicate a good time to get ready for a move up.
All in all – a move up to 40K seems rather likely.
From there BTC might meet a lot of resistance and a selloff is expected and a double bottom could be formed in the next couple of weeks.
