Bitcoin Breaks Out, Immediately Faces Resistance
Bitcoin has broken out from the range between 59.4K and 62.4K. We alerted you as to the upside bias in cryptos yesterday. Currently, we are feeling out the middle of the range between 62.4K and 64.3K. We are seeing a red triangle on the KRI suggesting there is some resistance forming. The Kovach OBV has picked up notably, so watch for 64.3K as the next target. If we can breakout further, 66.3K is the next target. From below, we have plenty of levels of support including 62.4K, 61.6K and 59.4K.
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