IS IT THE PERFECT TIME FOR CORRECTION?🤔
Is it the perfect time for a correction? Bitcoin has entered the all-time high (ATH) zone and is still trading above the previous ATH. However, let’s take a step back and look at the bigger picture using a weekly timeframe.
🔸On the RSI, Bitcoin is significantly overbought, reminiscent of the situation in December 2020 when a 30% correction ensued. The bearish wedge on the RSI suggests that the peak might be near.
🔸Moreover, we still have ample time before the halving to experience a slight decline before a potential rocket launch.
So, what's the best course of action?
I've already opened several orders ranging from around $60k to $50k. Additionally, I believe the real altseason will commence during this $BTC correction, possibly in the second half of March.
We'll soon find out, but I'm hopeful for an opportunity to buy more BTC before the halving.
What are your thoughts on this? Share in the comments below.
