Bitcoin Finally Breaks Out of the Range
Bitcoin finally broke out of the range, but is encountering a lot of resistance at the next target above, which we identified yesterday at 23.9K. Multiple red triangles on the KRI are confirming the resistance, but the Kovach OBV is strong. If momentum can sustain, then 25.1K is the next target, then there is a vacuum zone to 27.9K. If we retrace, we should see support at 22.4K, then 20K. A retracement could take us back to the familiar range between 18.6K and 22.4K.
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