Bitcoin has refused any attempt at a bull rally, with sharp two-bar candlestick rejection patterns on the 30 min chart with every time the price moves higher. It has been smacked down from 59.8K, the next level under 60K, then again at 57.7K. We are seeing good support from 57.7K as identified by two green triangles on the KRI. The Kovach OBV is steadily and consistently bearish, suggesting that the selloff may continue. If so, we should have further support from 54.3K. If not, we must break 57.7K, then 60K to be considered 'bullish' again.
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