Bitcoin caught a nice pivot from just below our level at $39.2K. This small rally was still significant as it was able to take us back to the $40K's, where we are currently testing $41K. We will have steep resistance from $41.6K and $41.9K which are the next barriers. The rally looks pretty weak, and the Kovach OBV has barely budged. Thus we are likely to range a bit between $39.2K and $41K.
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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.