Bitcoin has established value in the mid $19K's and appears to be making an attempt to break out. At the time of this writing we are seeing a wick above $19.5K, a strong level of resistance and upper bound to the bull wedge BTC was forming. The Kovach OBV is incredibly bullish suggesting a divergence in price that is being realized at this moment. We are currently running into resistance at $20K, but if we can break through then $20.7K will provide resistance, and is our next target. If we retrace, then $19.5K or $18.6K will provide support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.