Bitcoin has been meandering between $18K and $19K, maintaining a very narrow range. The Kovach OBV has completely leveled off and is starting to turn downwards and the price wanes. This suggesets we will most likely maintain the range between $18.6K and $19.5K, unless some momentum comes through either way. Gloom in risk-on markets suggests another dump is likely before any serious buying occurs. If so, we can expect $18.6K to provide support, then $17.6K after that. We are placing some limit orders at $17.6K, as this is a significant low and a likely floor price for now.
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Disclaimer
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.