Bitcoin

Bitcoin Ranges, Volatility Consolidates

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Bitcoin is ranging, but volatility appears to be consolidating at $62.4K. We are currently finding support at $61.6K. The Kovach OBV is completely flat, suggesting we should not expect any immediate drastic moves, however the volatility has consolidated quite a bit which suggests that we will breakout soon. Our next target is $64.3K from above. If weakness sets in, then $59.4K is the next level down.

Penafian

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