Bitcoin has maintained strength as the crypto rally continues. As predicted, we are running into resistance at $20.7K, with a red triangle on the KRI confirming resistance. The Kovach OBV is still strong so we will see if we have enough strength to break out to $22.4K. If not, we should expect a retracement back to $20.0K or perhaps further to $19.5K with $18.6K a likely floor.
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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.