quantguy

Bitcoin Maintaining Highs of the Range

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin is maintaining a narrow range, hugging highs at $40K. We have support from below from $40K which is a good thing, but if this does not hold we are back to the $30K's again. The level $37.7K should provide support, but we have $36.7K just below it as well. Again, $30K seems like a hard lower bound for now. If and when we muster enough momentum to break out of this range, $45K will be the next target. The Kovach OBV has picked up from lows but has slumped reflecting the ranging

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