Bitcoin Bear Flag??

21 Nis 2021

Bitcoin is consolidating at lower levels. After the selloff we are feeling out the range between 52.8K and 57.7K. We may be forming a bear flag here, so be mindful of momentum either way. The Kovach OBV is a bit oscillatory at this point, so it could go either way. We are still bullish of Bitcoin and would continue to be so even if it dipped to the 50K. It was due for a proper crypto dump. If we manage to break out of the range 59.4K will provide resistance again, the final barrier before 60K.