Bitcoin painted the bottom wick of the new March monthly candle earlier this week and is now looking like its in a reversal back upwards to $54,000 and beyond.
BTC couldn’t wick the uptrend or $41,337 when it dipped down and created the higher low, which is very bullish. Also something to note is that the fear/greed index has dropped significantly as the price has been declining the past week.
From here, i’m expecting Bitcoin to hit the $54,000 TP level and if BTC can successfully find a daily close over this level its going to retouch previous highs and find new ones.
Going into later the month, Bitcoin should be fully reversed and finding new highs.
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