Bitcoin fell to lows over the weekend, cracking $54.3K. It looked like we were going to see another dump deeper into the lower $50K handle, but we found support just above our level at $52.8K. From here, we saw a big pump back up to $57.7K. We are currently holding a very narrow range between $56.8K and and $57.7K. The Kovach OBV has picked up notably, but has waned with the ranging. We should see continued support from $56.8K, but if this does not hold, then look for support at $55.7K and $54.3K. The next target is $59.4K. It is the barrier to the $60K handle, and should provide significant psychological and technical resistance.
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