Bitcoin Plummets Further

15 Haz 2022

Bitcoin broke down past 20.7K making yearly lows. We have broken past many strong support levels, confirming the bear trend. The next level is a major Fibonacci level around 19K, which we anticipate to hold and potentially be a bottom. The Kovach OBV is solidly bearish, and the crypto market is severely oversold. If we somehow catch a relief rally or pivot then 22.4K is the next target.