Bitcoin Back to Mooning??

Feb 2, 2021

Bitcoin had a nice uptick back to 35K, which was a nice respite from the malaise we saw around 33K and lower. Unfortunately, there is little to suggest that it will seriously breakout any time soon. In fact, there was very little momentum to that breakout as measured by the Kovach OBV. We can expect for it to return to lower levels, until momentum returns. Watch 33.6K and 31.6K for support. It is doubtful that we will break down below that, but 30K should serve as a technical and psychological level of support, definitely a buying opportunity.