BITCOIN may take 1 month to form bottom but upside is huge.

Bitcoin / BTCUSD is consolidating on the 1 stdev below following February's pullback.

With the 1day RSI rebounding after turning oversold, this reminds us of all the previous major Lows of the current Bull Cycle.

Those took around 1.5 - 2 months to be priced, so don't be susprised if Bitcoin doesn't rise before mid April.

The upside until the end of the year remains huge however and if it 'only' tests again the Mean MM, it can reach $140k.

If it approaches the 1 stdev above, the estimated value can be as high as $180k.


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