Bitcoin is continuing to maintain a narrow, but highly volatile range between $55.7K and $55.7K. There is a bull bias to the Kovach OBV so we could be gearing up for a breakout. Several green triangles on the KRI are indicating strong support at this lower bound. If we break out, then $59.4K remains the next target, and last significant level before $60K. From below, $52.8K should hold as a min lower bound.
Note
Bitcoin testing lower levels of support! $54.3K seems to be holding for now, but if not, watch $52.8K
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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.