Bitcoin is testing the upper bound of what we have identified as the range between 30K and 34.9K. We have currently inched above this range at 35.2K. We will see if BTC has the strength to hold this momentum or if it will let off the gas and retrace back to its comfort zone at lower levels. The Kovach OBV is gradually trending up suggesting BTC is developing an upside bias, so even we see a brief correction, we may see a bull wedge or other consolidation pattern form as we gear up for a breakout.
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