Bitcoin has lost momentum, but is holding the range between $31.0K and $32.3K. We are seeing support from below and resistance above confirmed by the KRI. This seems to follow in tandem with stocks, which are also ranging. The Kovach OBV has gradually trended upward, but appears to be leveling off. There is a vacuum zone above to $34K, which we expect to hold as a hard upper bound. If we retrace further, we have a nice value area between $28.8K and $31.0K.
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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.