quantguy

Bitcoin Rejects $25K

Short
BITSTAMP:BTCUSD   Bitcoin
Bitcoin hit our level at $25.1K exactly, before rejecting this hard and retracing back to support at $23.9K. A red triangle on the KRI at $25.1K confirms how much resistance BTC is dealing with at these highs. The Kovach OBV is still strong, however, but if we are able to pivot, we still must solidly break $25.1K before attempting higher levels. If support fails, then there is a vacuum zone below to $22.4K, where we should see further support.

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