Bitcoin Rebounds from Lows!!

Bitcoin plummeted over the weekend, bottoming out in the low 17K's. We have tested highs from the rally in 2017, which we anticipated would happen at some point in many of our reports here going back to November 2021. We have since equilibrated and found footing, with a rally taking us back to 20K. We are meeting resistance here confirmed by two red triangles on the KRI, but the price action appears to be consolidating, readying for a potential breakout. If we are able to break out, the next targets are 22.4K and 23.9K. If we break down, expect 17K to hold as a floor price for now.