No Love Lately for Lagging Bitcoin
Bitcoin is finding support at 52.1K, a Fibonacci level, but has not seen the momentum that we were hoping for. The next major level is 52.8K, and it looks like we are facing some significant resistance here. The next level after that is 54.3K. it will take some momentum to punch through these. The Kovach momentum has turned south suggesting that we will range or may see another blast of bear momentum. If so, watch for 50K to provide support as this is a significant psychological level. Also, just below that, we have 49.8K, which is a Fibonacci level.
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