Bitcoin Rejects $60K 😱

22 Kas 2021

Bitcoin made a run to regain the 60K handle but has since been sold off back down to support in the high 50K's. We saw fierce resistane at 60K as anticipated, and confirmed by several red triangles on the KRI. We are currently finding support at 56.8K, and if this does not hold, we should see further support from 55.7K, a relative low. The Kovach OBV is very bearish, which may indicate that we are starting to look oversold and that a relief rally may be near. If 55.7K does not hold then 54.3K is the next support level below.