Bitcoin Testing Key Resistance Level
Updated
Bitcoin is edging higher, but is facing stiff resistance at 22.4K, the level we identified yesterday. We are seeing steep resistance here confirmed by red triangles on the KRI. The Kovach OBV is still bullish, but may not register enough momentum to suggest the divergence needed to break through. If we do, then 23.9K is the next target. If we reject current levels, we should see support at 20.7K.
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Bitcoin rejects 22.4K after inflation data comes in higher than anticipated
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