Bitcoin Falls Short of $25K, will it Retrace Further?

1 Ağu 2022

Bitcoin has broken out past 23.9K, then immediately retraced back to comfort between 22.4K and 23.9K. We appear to be seeing a head and shoulders type pattern and if so, this will signify some resistance and perhaps a further retracement. If that is the case, expect support at 22.4K, then there is a vacuum zone down to 20.7K. The Kovach OBV has established highs but has rounded off gradually. If we are able to see more momentum then 25.1K is the next target.