quantguy

Bitcoin Consolidates Below Highs

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BITSTAMP:BTCUSD   Bitcoin
Bitcoin has pulled back from highs, but is holding a narrow range, finding support at our level at $66.3K. This is the exact level we identified yesterday. The Kovach OBV has waned a bit suggesting momentum has petered out in BTC for now. If that is the case, then the current range should hold, but if we break down further, anticipate support at $64.3K, then $62.4K. We must solidly break $68.6K, then $70.6K is our next target.

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