Bitcoin Wavers, but Still has Support
Bitcoin is maintaining the 45K-
46K range, and has consolidated considerably. We found good support at 45K, with a small pivot back to the 46K handle, with strong support from 46.2K. We appear to be forming a bull pennant pattern. Momentum has flatlined as measured by the Kovach OBV, and we will need to see another wave of bids come through before we can test 47.4K again. We have two strong levels at 48.2K and 49.7K before we can consider the 50K's again. If not, we are likely to break down and find support at 43.8K.
46K range, and has consolidated considerably. We found good support at 45K, with a small pivot back to the 46K handle, with strong support from 46.2K. We appear to be forming a bull pennant pattern. Momentum has flatlined as measured by the Kovach OBV, and we will need to see another wave of bids come through before we can test 47.4K again. We have two strong levels at 48.2K and 49.7K before we can consider the 50K's again. If not, we are likely to break down and find support at 43.8K.
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