quantguy

Bitcoin Retraces, Still Looking Bullish πŸ“ˆπŸ€‘

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BITSTAMP:BTCUSD   Bitcoin
Bitcoin has faced resistance after making all time highs. We saw a dip down from $66K to support at $61K-$62K. These were the exact levels we identified yesterday. This dip is but a small hiccup in comparison to what we've seen in the past. If the selloff continues, we should find support at $59.4K or $57.7K. The Kovach OBV has dipped with the correction, but is starting to turn bullish again, so watch for support at current levels to hold. We are seeing a green triangle at $61K from the KRI, and some consolidation here.

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