Bitcoin caught a nice pump in tandem with stocks. We were able to break $38K, albeit barely, with a wick extending up to $39K or so, before retreating to support at $38.2K. The Kovach OBV has picked up notably with the pump but has since curved downwards as Bitcoin is meeting stiff resistance at $39K. It appears we will need to wait for the North American stock session to open to determine if Bitcoin can make another run for $40K. If not, expect support at $38.2K, $37.7K, or $36.7K. After that, there is a vacuum zone to $34.9K.
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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.