Bitcoin has maintained highs just below the upper bound of our Fibonacci anchor at $40.8K. It has developed a clear affinity for higher levels and looks to be forming a bull wedge pattern. The Kovach OBV is gradually increasing showing a bull divergence which is the recipe for another breakout. There is one more level at $41.9K before we attempt to cross the vacuum zone to $45K. If we are wrong, there is a vacuum zone down to $37.7K.
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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.