The price action of Bitcoin has rounded off after facing resistance at $55.7K. We had a slight dip to the beginning of this cluster of levels at $52.8K, but caught support there. There is not much momentum to this rally so it appears that Bitcoin is comfortable in this range for now. Be mindful of the vacuum zone down to $50.8K. We won't be fully out of the woods until we break $57.7K. The $60K will be in sight. The Kovach OBV is strong, so we do not anticipate a massive selloff any time soon, but if we do, $48.2K seems to be a hard lower bound.
Join my discord at discord.io/quantguy
Related publications
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.
Join my discord at discord.io/quantguy
Related publications
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.