Bitcoin caught a lift from a Musk tweet, but has since retraced its entire move just about. It appears to be happily situated between $31K and $35K. The Kovach OBV has flat lined suggesting that this should continue and may present some mean reversion trade opportunities. Keep in mind that the longer BTC consolidates, the more likely a breakout is. We will be seeing tremendous support from $28K, the lower anchor of our Fibonacci levels. we have broken out from the upper trend line and are currently finding support where it once provided resistance. This is a bullish sign.
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