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Bitcoin Recovery in progress

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BTC short term view, after see out 4400$ level yesterday BTC has been in what I term temporary correction mode with price ranging between (50-61.8)% fibonacci retracement level.

Well, I dont expect further fall but if there will be any it should not go below 78.6% fib level at (3700-3725)$.

RSI is showing some strength also after bouncing off the yearly low.
Short term target remain 4800$.

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Yes up we go, as expected. the buying pressure remain so strong.

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We had nice pump which is good for BTC Bull, and this time the retrace may drop the price down to 41xx zone.

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Price moving in rising channel with top trendline providing maximum resistance to reject price down and presently aiming to test the bottom trendline.

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Price moving as expected.

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Trade is going as expected,

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