Bitcoin tested lows as the market panic sold with the Russia/Ukraine conflict. But things leveled out quickly, and it subsequently recovered all of its losses. We are currently safely back to the $38K's, hovering just above support at $38.2K. The Kovach OBV has picked up notably, but not enough to give us confidence in any real bull momentum. The value area between $38K and $40K seems reasonable for BTC for now, but if we are able to break $40K, then we should face resistance from two levels in the $41K's. If we retrace further, then we should have support from lows at $34.9K.
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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.