Bitcoin Catches Support
The price action of Bitcoin has rounded off after facing resistance at 55.7K. We had a slight dip to the beginning of this cluster of levels at 52.8K, but caught support there. There is not much momentum to this rally so it appears that Bitcoin is comfortable in this range for now. Be mindful of the vacuum zone down to 50.8K. We won't be fully out of the woods until we break 57.7K. The 60K will be in sight. The Kovach OBV is strong, so we do not anticipate a massive selloff any time soon, but if we do, 48.2K seems to be a hard lower bound.
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