quantguy

Bitcoin Weakens, Support Holds

BITSTAMP:BTCUSD   Bitcoin
Malaise is still permeating the crypto market. Bitcoin does appear to be holding the mid-upper $40K well. It continues to find support at $46K, which appears to be the lower bound of perhaps a large bear wedge forming. We should have good support below from a cluster of levels around $45K, but after that we may see support from $43.8K after crossing a vacuum zone. The Kovach OBV is rounding off suggesting momentum is drying up further.

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