Bitcoin rallied in perfect correlation with stocks. As predicted, we are seeing resistance around $42K. If we are able to break through there is a vacuum zone above to $43.1K. The Kovach OBV has picked up, but has leveled off indicating that momentum has petered out for now. We should see support at the low $40K's if we retrace. As an absolute floor we expect $39.2K to hold at least for now.
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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.