Bitcoin Maintains the Range
Bitcoin is ranging between 40K and 45K. This was a previous value area for BTC. We have made a few attempts to break lower into the 30K handle, but these were quickly bought back. Currently, we are meeting resistance at 43.8K, and several red triangles on the KRI appear to confirm this. The Kovach OBV is quite flat, which provides confirmation to our assertion that Bitcoin should hold its current range. We will need some momentum either way to punch through 45K, or breakdown to the 30K handle.
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