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Will Bitcoin Test Lower Levels?
Bitcoin has been meandering between 18K and 19K, maintaining a very narrow range. The Kovach OBV has completely leveled off and is starting to turn downwards and the price wanes. This suggesets we will most likely maintain the range between 18.6K and 19.5K, unless some momentum comes through either way. Gloom in risk-on markets suggests another dump is likely before any serious buying occurs. If so, we can expect 18.6K to provide support, then 17.6K after that. We are placing some limit orders at 17.6K, as this is a significant low and a likely floor price for now.
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