Can Bitcoin Resume the Rally??
Bitcoin appears to be stuttering a bit, gradually trending downwards from highs at 48.2K. We found good support at 43.8K as anticipated in these reports. After making a run for higher levels, we seem to be equilibrating around 45K-46K. The Kovach OBV is flat suggesting we will need more real momentum to come through before anything serious happens. We expect 43.8K to hold for now, but are on record of being skeptical of the rally as a whole.
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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.