Bitcoin Ranging, Seeking Value

已更新

After rebounding from lows after breaking 30K, Bitcoin has been ranging in the low to mid 30K handle. We are seeing 35K provide sufficient resistance to BTC and are including it now as another technical level. We will likely range between 30K and 35K. We have pretty significant support at 30K, but we have already tested the waters with the 20K handle so another wave of selling could easily take us back. Watch for BTC to consolidate more before another breakout either way. On a longer time frame, it does appear that BTC may be forming a bear wedge and the Kovach momentum is certainly weak enough to confirm it.

註釋

35K still providing resistance, as mentioned in today's report 💪