Bitcoin Ranging, Still HODLin'!!

27 במאי 2021

Bitcoin is ranging as we anticipated it would. The 40K handle is providing notable resistance, and $37, just below is providing support. This is a very narrow range for Bitcoin and we anticipate a breakout soon. This could either take us to lower levels at $36.7, which would be the neckline of a partially-formed head and shoulders pattern we are seeing developing at the moment. If this is the case, we could easily test 30K again. The Kovach OBV is completely flat, suggesting there is not much in the way of buying or selling at the moment to push BTC either way right now. A sudden wave of buying could take us back to 45K