Hello everyone today I took a look at the Bitcoin chart on the daily timeframe and we seem to be rebounding back to the upside. we did see some rejection off of our previous resistance if we break this level we could go back to our all-time high of may and retest our new all-time high after that.
There is a lot of fear right now in the market due to the new Covid-19 variant. This caused a bit of a sell-off recently. But so far we haven't seen a massive impact like back in May or March 2020. To me, this just looks like a normal correction and nothing to worry about. This is in my opinion a very good zone to add some more bitcoin to your holdings and I don't think the crazy predictions to go back to 30k are anything close to what will happen. I think seeing everything going on in the world right now Bitcoin is going to come back and make a new all-time high this year. My target is around 80K EOY