Bitcoin has climbed slowly but steadily. We have broken through key levels of resistance culminating with $57.7K. Our next barrier is $59.4K, with $61.6K after that. The Kovach OBV has been steadily marching upwards, suggesting that another selloff may be on the horizon. Watch for resistance at one of the levels mentioned above to take us back to support somewhere amid the cluster of levels between $52.8K and $57.7K. Broadly speaking, Bitcoin is showing some nice, steady, healthy bull momentum and any dip should be considered a buying opportunity.
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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.