Bitcoin – Targets Hit
BTC/USD COINBASE:BTCUSD
With the decline today into the $27k range, Bitcoin has basically fulfilled all my expected targets for the low of this bear market. But where to from here? Shall we see further declines, a period of consolidation or will the recovery get underway.
Well, I expect perhaps a little more give in the BTC market before the recovery can be considered to be moving ahead. My indicator is 30 on the weekly RSI and we are still a little above that.
But what of the Alts? Is it possible that some of the alts could move higher even if Bitcoin drops lower? I think so. What do you think?
