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Welcome to this BTC /USDT update. In my previous BTC 4-Day update I told you that we might see some downward movement to $37-$38k and bounced back immediately. Today we saw exactly the same scenario.

BTC is dipping below $40k today and after touched $38,500 bounced back immediately. BTC looks fine as it is still moving inside the channel and as long as it is inside the channel I’m expecting a bullish rally to at least $48k once again.

Now, the only hurdle is 100D MA. BTC needs to break above 100D ma for further confirmation of this bullish rally.

Also, keep in mind that if BTC do not break above 100D ma then we might see another low.

As of now it’s looking quite good to me and I’m expecting a bullish rally in this week or maybe another week.

What do you think about this?
Do you think that this correction is over or we might see another low?
Share your views in the comment section.

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Thank You!