Bitcoin hit our target at $64.3K and has retraced to the level below at $61.6K. We have made you aware of this support level for some time and it may be a good time to add to your BTC. The Kovach OBV is still strong, suggesting this dip may be transient, likely due to profit taking. If we dip further, expect support at $59.4K or even $57.7K. We are still bullish of cryptos and BTC is within reach of our next profit target of $66.3K, a Fibonacci extension.
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Join my discord at discord.io/quantguy
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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.