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Bitcoin Clinging to Support

By quantguy
Bitcoin has slumped, still relaxing at the base of the 40K handle. We are seeing strong support at 39.2K, which seems to be a floor for now, but lack of buying at this level is concerning, and could indicate another test of lower levels. The Kovach OBV is still quite bearish. If so, 38.2K and 37.7K are likely levels of support. A likely ceiling for now is 43.1K.
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