Bitcoin rallied from lows from the Ukrainian conflict selloff. Over the weekend, we were able to test $40K, but several red triangles suggested resistance here, and we promptly retrace deeper into the $30K handle yesterday. We are seeing support at $36.7K from a green triangle on the KRI. The Kovach OBV is not convinced of a rally however, as it is completely flat. If momentum picks up, we should expect resistance at $40K again. Current levels appear to be holding but if $36.7K breaks, there is a vacuum zone to 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.