Bitcoin Rounding Off

29 Nis 2021

Bitcoin has risen, but the price action has rounded off. We alerted you to this yesterday. We have some resistance from 55.7K and some red triangles above the KRI, suggesting that we are having troubles with upper levels. The Kovach OBV is still strong, but the slope is very gradual. This suggests that longer term, we are still in bull mode, and this is a reasonable pull back. We have a cluster of levels up to 57.7K, so we are not out of the woods until we break through this level. A bear smackdown could take us back to 48.2K