Bitcoin Ranging

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Bitcoin is roughly in the middle of a range it has established between 46.2K and 52.8K. We have very strong support from below at 46.2K, 45.6K, and 45K. Watch for resistance at 52.8K. There is a vacuum zone after that, however to 55.7K. If we catch a strong bid this could easily be reached, however the Kovach OBV is pretty flat. It is likely to continue the current range for a while. It's in the middle of the range so it could go either way, testing the upper or lower bound of the range.