Bitcoin has found strong support in the high $50K handle and has regained the $60K's. We are currently facing resistance from $61.6K and $62.4K. Several red triangles on the KRI are indicating strong resistance here, and the Kovach OBV is still very bearish. It is likely we will test lower levels again at $57.7K and $56.8K, but if not, we have a vacuum zone above to $64.3K, then $66.3K is the next target at highs.
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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.