Bitcoin Tests Support
Updated
Bitcoin is testing support at the lower bound of its range between 43.8K and 46.2K. We should see some support here, but the Kovach OBV is tapering downwards, which could suggest a bear divergence. Current levels are a good place to consider a long position, as we have good support here, and the risk management is tight. If we do break $43.8, we will likely test lower levels in the 40K handle. The level to break remains 46.2K but after that we should be able to break through the vacuum zone to 48.2K
Note
Bitcoin getting support at 43.8K, exactly as mentioned in the report!!
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