How Long Will Bitcoin Range??

٨ يونيو ٢٠٢٢

Bitcoin has been maintaining the range, bouncing back and forth between 28.8K and 32K or so. Bulls seem to get hopeful every time there is a small rally, but we have not seen any follow through for almost a month. The level 32.3K remains a hard upper bound, and our most recent rally fell short of even that. There is a red triangle on the KRI just below this level around 32.0K, and an immediate rejection followed. We are currently hovering at support at 30K or so, and if the range continues we are likely to test 28.8K or 27.9K again.