Bitcoin has leveled off at support at $59.8K. It appears to be establishing value at lower levels in the $60K handle. We are forming a relatively tight range between $59.8K and $61.6K. The Kovach OBV is completely flat, and we will need to see more momentum come through either way before we make a move. The longer volatility consolidates, the higher the probability of a breakout. We are seeing many green triangles on the KRI from below suggesting strong support. If we break down, we should have further support from $57.7K, $56.8K, and $55.7K.
Note
Bitcoin finding support at our $56.8K and $57.7K as mentioned in the report!
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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.