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Can Bitcoin Break $42K??

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Bitcoin has held its ground just below 42K. We are testing two strong levels of resistance at 41.7K and 41.9K. Resistance is confirmed by several red triangles on the KRI. We do however appear to be seeing a bull wedge type consolidation forming under this level. However, the Kovach OBV has completely leveled off for now, which does not give us much confidence in a breakout. It does appear to depend on what stocks are going to do today. Further momentum in the stock market may bleed through to Bitcoin and if so, we could break out through the vacuum zone to 43.1K. If not, we should see supprt around 40K.
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altcoinsBitcoin (Cryptocurrency)blockchainBTCChart PatternscryptohodlTechnical IndicatorskovachquantguyTrend Analysis
quantguy
Join my discord at discord.io/quantguy
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Publications connexes

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.