Bitcoin Loses Steam
Bitcoin has lost momentum, but is holding the range between 31.0K and 32.3K. We are seeing support from below and resistance above confirmed by the KRI. This seems to follow in tandem with stocks, which are also ranging. The Kovach OBV has gradually trended upward, but appears to be leveling off. There is a vacuum zone above to 34K, which we expect to hold as a hard upper bound. If we retrace further, we have a nice value area between 28.8K and 31.0K.
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