How to Trade a Ranging Bitcoin

Bitcoin has consolidated in the upper $35K handle, testing $36K, which has proven to provide some resistance. The Kovach OBV has leveled off, which suggests it is comfortable in this range for now. It is in a sideways consolidation pattern, which is much needed after such explosive growth. It may range more, but will eventually break out. Watch for support at $34.7K and $33.4K. We will see resistance at $38.6K and $41.9K.