Bitcoin has slumped, still relaxing at the base of the $40K handle. We are seeing strong support at $39.2K, which seems to be a floor for now, but lack of buying at this level is concerning, and could indicate another test of lower levels. The Kovach OBV is still quite bearish. If so, $38.2K and $37.7K are likely levels of support. A likely ceiling for now is $43.1K.
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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.