Bitcoin Ranges After Litecoin Fake News

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Bitcoin faced a bit of volatility after the Litecoin-Walmart deal turned out to be fake news. We actually saw lower prices after that set in, and tested 43.8K, a level we have been eyeing in these reports for some time. We are maintaining the range between this and 46.2K. There is a cluster of levels in between, but otherwise, the two mentioned are good levels at which to consider a mean reversion trade. The Kovach OBV is pretty flat but trending down, so this could suggest a bear divergence.