We warned readers that the Bitcoin rally may be short lived and that we were skeptical of the bull run. Sure enough, Bitcoin gave up up the $30K's where it appeared to be establishing value and collapsed right back down to the high 
29K's. It is currently in the value area that it had held for two weeks, after the huge selloff on May 12th. The Kovach OBV is still relatively flat, so Bitcoin is likely to hold this range, between $27.9K and $31.0K until more momentum comes through either way.
29K's. It is currently in the value area that it had held for two weeks, after the huge selloff on May 12th. The Kovach OBV is still relatively flat, so Bitcoin is likely to hold this range, between $27.9K and $31.0K until more momentum comes through either way.
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Join my discord at discord.io/quantguy
Related publications
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.