This is a follow up of my other idea ''Bitcoin Reversal Signal on Weekly''.
Here, I predicted that bitcoin would reverse on the major weekly rsi divergence and it did for sure! Now looking at the daily chart: I don't think this bounce is over yet, I think there is still some juice left. To me it looks like BTC is forming an inverse head and shoulders, this breakout could send us pumping really hard, however, there is still a big resistance zone at 30k. I think this move can reach 30k for sure, there is a chance at 30k would break and then I think we can overshoot towards 40k+. Is the bottom in? I'm not sure, but for now, I think Bitcoin has some room to go the upside. Remember that we went down for more than a year without any significant counter-rallies, so I don't think this rally is unjustified.
