quantguy

Bitcoin Bottomed for Now?

BITSTAMP:BTCUSD   Bitcoin
Bitcoin has stabilized just above our level at $22.4K. We are seeing good support from this level, but the lack of follow through in terms of a pivot. From here, it is likely we will range between $22.4K and $23.9K. The Kovach OBV has slumped, so it is unlikely we will see enough momentum to break through $23.9K. However, if so, the next target is $25.1K. Watch the vacuum zone below to the $20K's, with $20.7K being the next level of support.

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