Bitcoin has retraced, but has pivoted with stocks and we are seeing a renewed rally. We will see if we have the strength to test $20.7K again, but we are looking a bit weak. The Kovach OBV is still bearish and has not registered the pivot. If we are able to somehow breakout past $20.7K, then $22.4K is the next target. Othwerwise, expect support at $20K, $19.5K or $18.6K, the latter of which we expect to hold as a floor price.
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Join my discord at discord.io/quantguy
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.