Bitcoin is consolidating in a cluster of our levels between $45-46K. This is a strong sign for the once belabored coin, which could barely cope with $34K a few weeks back. Typically, BTC swiftly rejects prices if it cannot sustain them. Our next level is $48.2K, and there is one more level at $49.7K before we are able to contend with the psychologically significant $50K level. The Kovach OBV is still very strong, but has tapered slightly as BTC establishes value at current levels.
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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.