quantguy

Can Bitcoin Sustain the Rally??

Short
BITSTAMP:BTCUSD   Bitcoin
Bitcoin caught a nice pivot from just below our level at $39.2K. This small rally was still significant as it was able to take us back to the $40K's, where we are currently testing $41K. We will have steep resistance from $41.6K and $41.9K which are the next barriers. The rally looks pretty weak, and the Kovach OBV has barely budged. Thus we are likely to range a bit between $39.2K and $41K.

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