Bitcoin - not surprisingly - made another all time high, the new record was around 61844 USD. I believe we will see more of these events, and soon we may see the first 6 digit number. On high time frame monthly and weekly charts are bullish as usual these times, daily charts confirmed (for me at least) the next cycle has started, no need to panic sell right now. Yes, the price correction happens right now, it has started exceptionally not at weekend but today, but I wouldn't sell anything right now, BTC doesn't (usually) makes double tops.
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4h chart Ichimoku predicts uptrend, still we see red candles right now. RSI is at 39, which level we saw on 5th March at 47500 USD, this means to me BTC is oversold right now, I expect a trend reversal within a few hours or a day and we continue the uptrend towards 100k, which doesn't seems impossible from here. If anyone told me last year BTC will rally to this point, I would be a bit sceptic, but here we are.
On hourly chart I see the same symptoms, RSI shows the market is oversold, we may retest a lower level again, but soon I expect price growth.
