Bitcoin has made a comeback, finding support just above 28.8K, which was a level projected using inverse Fibonacci levels anchored by last week's range. We have currently broken resistance and have achieved the 30K's once more. In fact, we are now just above 31K, which was the lower bound of last week's range. We are still witnessing some momentum here, but are in the middle of a vacuum zone to 32.3K. Anticipate resistance from this upper bound. The Kovach OBV has gained notable strength, but we still have a few key levels above to break before we can safely be assured that genuine bull momentum has returned to the crypto markets.
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