Bitcoin made a run to regain the $60K handle but has since been sold off back down to support in the high $50K's. We saw fierce resistane at $60K as anticipated, and confirmed by several red triangles on the KRI. We are currently finding support at $56.8K, and if this does not hold, we should see further support from $55.7K, a relative low. The Kovach OBV is very bearish, which may indicate that we are starting to look oversold and that a relief rally may be near. If $55.7K does not hold then $54.3K is the next support level below.
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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.