Bitcoin has remained confined between $27.8K and $32.3K for just about the past month. Every rally seems to be swiftly batted down. Even within this range, volatility has consolidated immensely and we are hovering right about $30K, giving it up by a thread. The Kovach OBV is completely flat, however there was a selloff in stocks yesterday, and very thin trading in crypto, both of which are bearish signs. Expect support from $28.8K and $27.9K, then $25.1K should hold as an absolute floor for now in the worst case. Bitcoin is struggling to maintain $30K, and we must break through significant resistance around 
31K and $32K before considering higher levels.
31K and $32K before considering higher 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.