UPDATE:
#BTC analysis
We observed excellent support and a rejection of reaching the weekly 50 EMA zone. It would be good to touch it again, but we are in Q2, showing strong upward momentum. BTC.D shows five days of bleeding, possibly even seven. It attempted to reach 63%, but as I mentioned, the only way it gets there now is if BTC quickly shoots up to the 91K zone and altcoins don’t follow that move strongly. However, with increasing volume in several altcoins, some might follow the strong movement.
It would be wise to sell 25% on a strong upward move to buy more during the correction. However, BTC might continue making strong upward moves without correction, which is highly probable.
Let’s hope the altseason finally arrives in this Q2.
