Bitcoin Clings to the $20K's
Bitcoin has found support at 20.7K, confirmed by multiple green triangles on the KRI, despite an increase in the strength of the US dollar. The Kovach OBV is still bearish however, and if support caves, we will return to the value area between 18.6K and 20.7K. If we are able to pivot then the next target is 23.9K. But we are seeing strong resistance in between 20.1K and 23.9K, at around 21.6K, which must be broken before considering higher levels.
Join my discord at discord.io/quantguy
Related publications
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.