I am expecting a little bounce for bitcoin for many reasons.
1_The price broke many supports in that dump and I expect a retest before going lower.
2_We've hit a major support.
3_The RSI indicator entered over sold territory and on the chart the first bottom have been made and for the second one to be legit the price have to close above 29700 and for more assurance a big green candle will indicate buying pressure.
NB if the price closed below or there wasn't buying pressure the the double bottom isn't legit
1_The price broke many supports in that dump and I expect a retest before going lower.
2_We've hit a major support.
3_The RSI indicator entered over sold territory and on the chart the first bottom have been made and for the second one to be legit the price have to close above 29700 and for more assurance a big green candle will indicate buying pressure.
NB if the price closed below or there wasn't buying pressure the the double bottom isn't legit