$BTC reclaiming 59k; expecting a pump to the high range zone of 70k.
Currently, I see this as a “technical rebound” after the previous downtrend, supported by the RSI divergence on the daily chart (as noted last week). This “technical rebound” will turn into a true uptrend if $BTC surpasses 64.5k, confirming the bullish trend for Bitcoin.
I firmly believe we are in a bull market, and these corrections are just shaking out weak hands before a massive pump. Altcoins have tanked quite a bit, so I expect them to move sideways and accumulate in the near future, while $BTC pumping makes sense.
