BTC Oversold on daily RSI
Last time this happened we saw BTC gain 96% in 14 days after a quick 11% drop and retrace. The time before last this has happened BTC had a quick drop of 11% before it went on a massive 592% bull run, lasting 93 days leading up to the ATH.
Could this signal the next rally or potentially the next bull run? If so a 10% drop to $5,850 can be expected followed by a 96% rally to $11,450 levels by June 26. If the second option plays out we could see BTC reach 40K by September 13, 2018, potentially with the help of the newly introduced ETF's and that institutional capital? Can't wait to see how this plays out, but one thing is for sure folks; BTC doesn't stay oversold for very long usually...
Now go ahead and like this idea if you agree and don't forget to follow for more updates!
***This post is just an idea for educational purposes, and is not to used as financial advice***
Could this signal the next rally or potentially the next bull run? If so a 10% drop to $5,850 can be expected followed by a 96% rally to $11,450 levels by June 26. If the second option plays out we could see BTC reach 40K by September 13, 2018, potentially with the help of the newly introduced ETF's and that institutional capital? Can't wait to see how this plays out, but one thing is for sure folks; BTC doesn't stay oversold for very long usually...
Now go ahead and like this idea if you agree and don't forget to follow for more updates!
***This post is just an idea for educational purposes, and is not to used as financial advice***
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