Bitcoin has been wavering in the high $19K's and low $20K's since the end of June. We just have not seen much buying interest in crypto. Strength in the dollar and weakness in stocks seems to suggest we won't be seeing any massive pumps any time soon. If we do, $20.7K and $22.4K are the next targets. If we retrace, we should see support at $18.6K, then $17.6K. The Kovach OBV is steadily rising suggesting a bull divergence. If we do see a breakout, $22.4K is a likely ceiling.
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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.