Bitcoin has trended upwards, but is meeting resistance at $57K. It is currently holding a very narrow range between $56.9K and $57.7K. The next level above is $59.4K, which is the last technical level before $60K. We are seeing good support at $56.9K, but also resistance at $57.7K as identified by green and red triangles on the KRI, respectively. Watch for support below at $54.3K or $52.8K. The Kovach OBV is still very strong overall, but has leveled off to reflect the ranging.
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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.