Bitcoin is maintaining the narrow range between $34.9K and $38.2K. We saw great resistance from $38.2K with several red triangles on the KRI indicating resistance every step of the way as we made an attempt for upper levels on Wednesday. The Kovach OBV is completely flat, suggesting that we will need momentum to come through either way before it makes its next move. We should have support from $32.3K if we dump further, then $31.0K, and $30.2K. If these don't hold, then we may see an attempt for our target of $29K. If we are able to muster a rally, then $38K is the level to break before we can consider $40K again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.