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.
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