Bitcoin is maintaining the range between $52.8K and $57.7K. Other crypto's are ascending, but Bitcoin has been conspicuously quiet lately. We anticipate a breakout in BTC very soon for several reasons. Technically, we may have a bull flag forming, with the Kovach OBV suggesting we are building up pressure (though this indicator has tapered recently). Second, investors will look for somewhere to dump profits from other cryptos, like Doge, ETH or LTC. When this happens, we should see a big move. We must first breakout from $59.4K, but then $60K is in sight. The next significant level is $61.6K.
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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.