After breaking out from the range Bitcoin held over the past week or so in the low $60K's, it has since found resistance at the next level at $64.3K. We appear to be establishing value in the very narrow range between $62.4K and $64.3K. There is a green triangle on the KRI just above the lower bound of this range, suggesting strong support here. But if this does not hold we will see further support from $61.6K, then $59.4K. Our next target is $66.3K. The Kovach OBV has picked up but tapered sharply, so we will need more momentum to come through before considering higher levels.
Comment:
big selloff wick just after the FOMC! $60K held strong! 💪
Join my discord at discord.io/quantguy
