quantguy

Bitcoin Presses Lower

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin is maintaining the range as we anticipated. We are stuck between $18.6K and $22.4K, with a low at $17.6K. We have given up the $20K's and are trending to the lower bound at $18.6K, though we seem to be holding on to the $19K's. The Kovach OBV is trending downward, but may be leveling off suggesting that we could be nearing a bottom. Depending on the CPI print today, we could test either bound of the range, so watch for this reading at 8:30 AM EST.

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