OBV And CCI
have been showing consistent recent downward pressure on BTC
price, but Accum/Dist is now showing a divergence from OBV suggesting a future trend reversal. If this reversal comes sooner rather than later, then I expect price to push to 4600, but given the previous attempts it is unlikely to break this without additional bullish
pressure. More likely is a downward trend that continues to once again test the 4300 level followed by a sharp reversal in price. But, if the 4300 level breaks, then expect price to test the 4150-4200 level again. Given the strength of this support it is unlikely to push through this as several attempts in the past have been quite successfully defended this level. Again if we get a downward move in price and more bears become bulls, then a retest of the 4600 level might finally break BTC
out of the sideways pattern we've been in especially given that BTC
seems to be under sustained accumulation.