Bitcoin Ranges
Bitcoin has quieted down, after some volatility after establishing new highs. It has stabilized in the range between 59.4K and 62.4K. We are currently testing the high of this range, with some red triangles on the KRI reflecting resistance. The Kovach OBV is still pretty flat, but has gradually trekked upwards, suggesting a slight bull bias. If this persists, we can expect a breakout to test higher levels in the 60K handle, at 64.3K then 66.3K. If we head south, expect further support at 59.4K again, then 57.7K
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