Bitcoin Price Intraday Analysis: BTCUSD Undergoes Bullish Correction

As volatility is coming tighter a big break becomes inevitable. I personally am bullish and believe this is a new bottom. My TA below.



“The bitcoin price in the past 24 hours has undergone a much-needed bullish correction, rising about $500 since establishing an intraday low around $6,009. In our previous BTC/USD analysis, we were waiting for a bounce back from 6009-fiat to apply our intrarange strategy. As it did, our long position towards 6192-fiat made us a nominal profit. A near-term breakout followed later, upon which we placed another long position towards 6290-fiat and made another nominal return. Unfortunately, due to human…”

Source: Bitcoin Price Intraday Analysis: BTCUSD Undergoes Bullish Correction