Bitcoin caught a lift off $55.7K and appears to be continuing a triangular corrective wave. The Kovach OBV is strong but has flat lined a bit, suggesting that we could be in for more ranging. We are currently just under $57.6K, and the next level of resistance will be $59.4K. Obviously, $60K is an extremely strong psychological barrier to break, and after that it will be clear sailing to highs at $61.6K. If we are wrong, watch for support at $54.3K
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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.