quantguy

Bitcoin Still Holding the $20K's

BITSTAMP:BTCUSD   Bitcoin
Bitcoin is still wavering in the neighborhood of $20K. We dipped several times into the $19K's with $19.5K a consistent lower bound, thus we have added it as a new level. If support breaks here, then $18.6K is the next level down. If we are able to build some momentum, $20.7K should provide resistance, then $22.4K is the next target after that. The Kovach OBV is still abysmally bearish, but does appear to be leveling off, suggesting that we may have bottomed out in this price range.

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