Bull Divergence in Bitcoin?
Bitcoin has picked up, but is still bounded by 16.8K or so. We appear to be attempting to form a bull wedge pattern. The Kovach OBV has picked up notably, which could indicate a divergence, and suggest a potential breakout. The FTX news still weighs on the entire crypto market, so we are not hopeful of a significant bull rally. However a breakout could easily test 17.6K. If things turn south then 15.6K should provide support.
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