Bitcoin is maintaining the $45K-$46K range, and has consolidated considerably. We found good support at $45K, with a small pivot back to the $46K handle, with strong support from $46.2K. We appear to be forming a bull pennant pattern. Momentum has flatlined as measured by the Kovach OBV, and we will need to see another wave of bids come through before we can test $47.4K again. We have two strong levels at $48.2K and $49.7K before we can consider the $50K's again. If not, we are likely to break down and find support at $43.8K.
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