Bitcoin Loses Steam

Bitcoin is finding nice support at 56.7K. The price has rounded off from relative highs at 59.4K. We will find further support at 54.3K and again at 52.8K. The Kovach OBV has dropped significantly, so BTC appears to be in the doldrums right now and content with current levels. Another wave of momentum would take us back to the high of the range, which would provide resistance, and must be broken before we can see all time highs again.