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Bitcoin Consolidating. When is the Breakout??
Bitcoin caught a lift from a Musk tweet, but has since retraced its entire move just about. It appears to be happily situated between 
31K and 35K. The Kovach OBV has flat lined suggesting that this should continue and may present some mean reversion trade opportunities. Keep in mind that the longer BTC consolidates, the more likely a breakout is. We will be seeing tremendous support from 28K, the lower anchor of our Fibonacci levels. we have broken out from the upper trend line and are currently finding support where it once provided resistance. This is a bullish sign.
31K and 35K. The Kovach OBV has flat lined suggesting that this should continue and may present some mean reversion trade opportunities. Keep in mind that the longer BTC consolidates, the more likely a breakout is. We will be seeing tremendous support from 28K, the lower anchor of our Fibonacci levels. we have broken out from the upper trend line and are currently finding support where it once provided resistance. This is a bullish sign.
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