Bitcoin has broken out from the range between $59.4K and $62.4K. We alerted you as to the upside bias in cryptos yesterday. Currently, we are feeling out the middle of the range between $62.4K and $64.3K. We are seeing a red triangle on the KRI suggesting there is some resistance forming. The Kovach OBV has picked up notably, so watch for $64.3K as the next target. If we can breakout further, $66.3K is the next target. From below, we have plenty of levels of support including $62.4K, $61.6K and $59.4K.
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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.