quantguy

Bitcoin Catches a Lift

BITSTAMP:BTCUSD   Bitcoin
Bitcoin caught some momentum and we have broken past levels of resistance at $43K. We did not have the steam to make it to $45K, which was a previous value area. There is a cluster of levels around $45K, which should provide resistance and will be the next barrier for BTC if it catches more momentum. But we appear to be seeing momentum wane at the moment, and the Kovach OBV has slumped to reflect this. Watch for support at $43.1K and if this does not hold we should see support from $41.9K and $41.6K

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