Bitcoin has stabilized in the 30K's and appears to be forming an inverse head and shoulders pattern with a neckline at our newly identified level at 34.9K. This level does seem to be a max upper bound for BTC for the moment, but if we are able to break out then 36.7K or 37.7K will be the next areas of resistance before 40K. Based on Bitcoin's performance in recent weeks, we should not be too ambitious for it. However, the Kovach OBV is trending up, which is a good sign for a breakout to the levels mentioned above.
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