Bitcoin has pressed lower, but is finding strong support just below $60K. We are seeing quite a bit of support around $59.4K, confirmed by a cluster of green triangles on the KRI around this level. We are starting to see quite a bit of volatility here, which likely suggests that bull momentum is soon to return. If so, the next targets are $61.6K, $62.4K, and $64.3K. If the bear momentum continues, then we will have further support from $57.7K, $56.8K, and $55.7K. The Kovach OBV was pretty bearish, but has turned up sharply providing a second long signal in addition to the KRI.
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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.