Both $BTC MAJOR moves this cycle have come off the backs of the weekly RSI hitting 44✅
Extreme fear✅
Oversold stochastic✅
Unless the cycle is “over” I expect a massive rally to ensue sooner than later
I see no problems with this chart.
Invalidation would be a weekly close below 61k
We havnt seen a deep correction like that for over a cycle
I do not think we come close to that level
In fact, I think the bottom is in
Low range of 71
I’m a buyer across the board
#BTC