Bitcoin Ranging
Bitcoin caught a lift off 55.7K and appears to be continuing a triangular corrective wave. The Kovach OBV is strong but has flat lined a bit, suggesting that we could be in for more ranging. We are currently just under 57.6K, and the next level of resistance will be 59.4K. Obviously, 60K is an extremely strong psychological barrier to break, and after that it will be clear sailing to highs at 61.6K. If we are wrong, watch for support at 54.3K
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