Bitcoin has returned to support at $36K after finding resistance at $40K. We anticipated resistance here, since this would be a psychological barrier. Furthermore there are a cluster of levels here between $40K and $41.9K which will be difficult to punch through. Once we do, however, there is a vacuum zone up to $45K. The Kovach OBV is picking up but still very weak at this point. We still believe that $30K is the bottom for now.
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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.