Bitcoin - End of Correction?

BTCUSD Weekly Chart

BTCUSD Daily Chart


On Apr 15, 2024, I wrote BTCUSD appeared to be consolidating sideways. See link below.

https://swingtrader188.blogspot.com/2024/04/bitcoin-sideways-correction.html

It looks like that the consolidation has ended when BTCUSD formed a bullish hammer candle after a false breakdown of the support zone then a bullish engulfing candle on its weekly chart. Both of these patterns are bullish reversal candles suggesting buyers are back in control. 

Disclaimer: 

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.

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