Looking at the price of Bitcoin on the daily time frame we can see that after the falling knife down to $47,000, BTC caught support there and bounced back up to $58,000.
From here i'm expecting Bitcoin to continue this reversal upwards to the 3.618 and 4.236 Fib level.
I believe that we're going to see an altcoin season but that doesn't mean that Bitcoin can't also perform. For the past few months as altcoins have been climbing, Bitcoin has been lagging in terms of going up in %.
Bitcoin is going to close out this valley at $64,000 and then continue climbing upwards to new highs.
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