As mentioned yesterday, Bitcoin has met resistance just under $40K. We saw a brief pivot from $37.7K, which likely got bulls all hot and bothered, but the fervor quickly fizzled and was not able to sustain a recovery to the $40K's. The Kovach OBV picked up sharply with that rally, but has quickly leveled off. We have stabilized just above 
39K, and are likely to remain in the range between $37.7K and $40K unless we see a nice buying wave come through. Keep your eyes on stocks, as the correlation between BTC and stocks seems to be increasing in reliability.
39K, and are likely to remain in the range between $37.7K and $40K unless we see a nice buying wave come through. Keep your eyes on stocks, as the correlation between BTC and stocks seems to be increasing in reliability.
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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.