Bitcoin attempted a 'scam' rally but fell short of our level at $59.4K. The fact that the Kovach OBV has not really picked up with the rally should have been an indication that we are not likely to continue into the $60K's any time soon. The broad range between $52.8K and $59.4K seems to be much more comfortable for BTC at the moment. Broadly, we could be forming a bear flag before another push lower. The last support level in the $50K's is $50.8K, before we will enter the $40K's. The first level here to provide support will be $49.7K If we do catch a bid, watch $59.4K as this is the level to break definitively before we can consider regaining (and holding) $60K's.
Join my discord at discord.io/quantguy
