Bitcoin Facing Resistance
After breaking out from the range Bitcoin held over the past week or so in the low 60K's, it has since found resistance at the next level at 64.3K. We appear to be establishing value in the very narrow range between 62.4K and 64.3K. There is a green triangle on the KRI just above the lower bound of this range, suggesting strong support here. But if this does not hold we will see further support from 61.6K, then 59.4K. Our next target is 66.3K. The Kovach OBV has picked up but tapered sharply, so we will need more momentum to come through before considering higher levels.
Note
big selloff wick just after the FOMC! 60K held strong! 💪
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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.