When will Bitcoin Break Out??

4 Şub 2022

Bitcoin is oscillating in the value area in the mid 30K handle. We are range-bound between 36.7K and 38.2K, currently making a run for the upper bound of this range, where a red triangle on the KRI is confirming resistance. The Kovach OBV is sloping downward, so we don't have much hope that BTC will be able to break out of this range right now, but if so, there is a vacuum zone above then 40K is our next target. Beware of the vacuum zone below 36.7K to 34.9K.