Bitcoin Ranges

Bitcoin has continued to meander in the range exactly as we have anticipated yesterday. Recall that we said we should have resistance at 19.5K, and support at 19.0K, with a floor of 18.6K for now. This is exactly what we are seeing currently and the outlook remains unchanged. If we do catch a bid and are able to break through 19.5K, then 20K will surely provide resistance. The Kovach OBV is showing weakness, so don't expect any miracles any time soon.