Bitcoin Finds Support
Updated
Bitcoin has found support at 40.8K. We have tested this level several times. The more comfortable BTC is at this level, the more confident it will be to break it. We aren't seeing sufficient momentum to this small rally to conclude that a bull run is anywhere near. The next technical level below is 40K, and that is the final barrier to the 30K handle. The Kovach OBV is bearish, but has picked up slightly to reflect support. We will have to break 43.1K, then 45K for BTC to be considered bullish again.
Note
I have realized that I posted the Bitcoin article on the DXY chart. Sorry for the confusion, but Trading View doesn't allow me to take the article down or edit it at this point 😒
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.