Sideways Trading for Bitcoin
Bitcoin has continued the breakout from our corrective wave earlier, however the momentum has waned. We may need to wait for the weekend for anything significant to happen. The lack of momentum suggests a continued sideways correction rather than a new impulse wave. Broadly, we can expect BTC to maintain the range between highs at 61.5K and 52.8K. The Kovach OBV is bullish, but has flatlined which confirms our outlook. From here it could go either way as its roughly in the middle of the range.
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