BTC has slumped a little for days now. We've seen it drop to as far as 65k. Right now, it has recovered and is now trading at 67k.
So the question is, what's the fate of BTC? Is it heading up or is it about to dive down?
Well, take a look at the chart below. All the horizontal lines are the 8 KDJ support situated right next to each other. To top it off, the KDJ oscillator is suggesting a bounce back to 68k, and 71k. There is literally zero KDJ resistance, meaning the sell volume has always been weak.
It'll take a leg and a limb before the bears can manage to break this support down. So it's really obvious, BTC is bound to go up.
We have a double bottom in the 6H chart, upside target is still at 73k. This pattern is bound to play out anytime soon.
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