Still HODLing Bitcoin!!

28 Nis 2021

Bitcoin has caught a lift, but seems to have found significant resistance from a cluster of levels in the mid 50K's. It has reached a peak at 55.7K, and found recent support at 54.4K. The Kovach OBV is still pretty strong, so we could see another blast of momentum, but 56.8K, and 57.7K will provide resistance. If we are able to clear these levels, 60K is in sight. Another retracement could take us back to 50K. The maximum lower bound is still 48K. We are still bullish of bitcoin, but it appears the broad ranging pattern since highs is still in effect.