Bitcoin has stabilized in the $30K's and appears to be forming an inverse head and shoulders pattern with a neckline at our newly identified level at $34.9K. This level does seem to be a max upper bound for BTC for the moment, but if we are able to break out then $36.7K or $37.7K will be the next areas of resistance before $40K. Based on Bitcoin's performance in recent weeks, we should not be too ambitious for it. However, the Kovach OBV is trending up, which is a good sign for a breakout to the levels mentioned above.
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