Bitcoin has caught a lift, but seems to have found significant resistance from a cluster of levels in the mid $50K's. It has reached a peak at $55.7K, and found recent support at $54.4K. The Kovach OBV is still pretty strong, so we could see another blast of momentum, but $56.8K, and $57.7K will provide resistance. If we are able to clear these levels, $60K is in sight. Another retracement could take us back to $50K. The maximum lower bound is still $48K. We are still bullish of bitcoin, but it appears the broad ranging pattern since highs is still in effect.
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