Bitcoin Bottomed for Now?

3 Ağu 2022

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.