How to Trade a Ranging Bitcoin
Bitcoin has consolidated in the upper 35K handle, testing 
36K, which has proven to provide some resistance. The Kovach OBV has leveled off, which suggests it is comfortable in this range for now. It is in a sideways consolidation pattern, which is much needed after such explosive growth. It may range more, but will eventually break out. Watch for support at 34.7K and 33.4K. We will see resistance at 38.6K and 41.9K.
36K, which has proven to provide some resistance. The Kovach OBV has leveled off, which suggests it is comfortable in this range for now. It is in a sideways consolidation pattern, which is much needed after such explosive growth. It may range more, but will eventually break out. Watch for support at 34.7K and 33.4K. We will see resistance at 38.6K and 41.9K.
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