Bitcoin is continuing the consolidation pattern we identified yesterday. We are seeing ranging in the very narrow band between $34K and $34.9K. The Kovach OBV is very flat but if the longer trend is to make a difference, we could be gearing up for a breakout soon. The level $36.7K will provide resistance from above, and there is a steep vacuum zone below to $31K if momentum turns south. We are still safely ensconced in the $30K's and must break $37K before attempting $40K, which will be a significant barrier
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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.