Bitcoin Finds Support at $19K

11 Eki 2022

Bitcoin has continued to establish weakness, breaking through our level at 19.5K. We are currently finding support at 19.0K, confirmed by green triangles on the KRI. We have added this as a new technical level on the chart. The Kovach OBV shows little signs of life, and if we break down from here, then 18.6K is the next target. We feel BTC needs to bottom out again before a signfiicant rally. If we do rally, then 19.5K will provide resistance and 20K is almost certainly a barrier for now.