quantguy

Bitcoin Continues to Range

BITSTAMP:BTCUSD   Bitcoin
Bitcoin has found support at $40.8K. It is currently playing the broad range between this lower bound and $45K. We are currently facing resistance at $43.8K. The Kovach OBV is very weak, and the Chande has dipped dramatically. We are currently finding support at $43.1K, but it does appear that momentum has dried up for now. It will take significant momentum to break through $45K, so watch for BTC to maintain current levels for now.

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