Bitcoin Movements - Sunday Correction - Outlook Still GOOD!

Bitcoin moved with a minor price correction over the weekend. It gained Saturday but had a big correction Sunday. A correction was expected but the bounce back has already started!

As it stands now it looks like Bitcoin will take back anywhere from 25% to 50% of the Sunday loss by end of day today! It's a great way to start the week, with a green candle.

Looking at the charts we see that the Bollinger Bands have expanded with the recent movements and BTC is actually below the upper band for the first time in 7 days. Despite this, the moving averages still look bullish.

GOOD NEWS for Bitcoin!

Keep watching the charts! 📈

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Please note : this is opinion and should not be taken as financial advice.