Bitcoin has stabilized just above our level at $22.4K. We are seeing good support from this level, but the lack of follow through in terms of a pivot. From here, it is likely we will range between $22.4K and $23.9K. The Kovach OBV has slumped, so it is unlikely we will see enough momentum to break through $23.9K. However, if so, the next target is $25.1K. Watch the vacuum zone below to the $20K's, with $20.7K being the next level of support.
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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.