Bitcoin correction over?No.
In my post yesterday I noted the Spike Alert at the bottom which was both a tradable signal and gave Bulls optimism. With a positive up day the +2% gain in BITFINEX:BTCUSD has still not touched the first of 3 key milestones that would invalidate the persisting bearish trend.
The two key Retracement Levels from swing trend to retest the low, 43840 and 45880, are yet to be touched. The most important level is 45880 which is a test to recapture the prior trading range. I would still not consider Bitcoin full bullish until recapturing 50k.
As it stands now the Daily timeframe remains full trend bearish with the highest probability to continue in that direction.
