Bitcoin Holds the $30K's

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

quantguy

Bitcoin has found stability in the upper $29K handle. It has just now been able to recover $30K and is hanging onto this level by a thread. We do appear to be seeing a bull wedge forming and the Kovach OBV has been steadily climing, suggesting a breakout may be near, especially if we see a rally in stocks today. If we do breakout, then $32K is the first level to break before considering further resistance in the $34K’s. If we retrace, we will have strong support from $27K and $28K.

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