Bitcoin Stumbles, Recovers

Aug 18, 2021

Bitcoin dipped last night and it appeared that we may have given up the 45K range. But we saw support quickly from just above our level at 43.8K. Currently we are testing 45.6K again from below. This is roughly the midpoint of the range between 45.2K and 46.2K. Bitcoin has established value here before, so we may anticipate it to do so again. But these levels have proven to provide significant resistance in the way of a rally, so be mindful of that in the event BTC catches a bid. After that, however we have a vacuum zone to 48.2K which is one of the final levels of the 40K handle. The Kovach OBV has dipped sharply in a divergence with the price.