quantguy

Bitcoin Rejects Highs

Short
BITSTAMP:BTCUSD   Bitcoin
Bitcoin is facing resistance at $23.9K, exactly as we have anticipated, and have wrote about at length here. This is a strong technical level and is providing prohibitive resistance at the moment. The Kovach OBV is still strong, but it will take another burst of momentum to test higher levels. If so, then $25.1K is the next target. If we reject current levels, then we should have support at $22.4K.

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