Bitcoin Tests Lows Again... What's Next??
Bitcoin has tested lows again at 45.6K. We are seeing a very small bounce from this level, and are currently trekking up past the next level at 46.2K. However we are seeing very little momentum to this drive and the Kovach OBV is still abysmally weak. When Bitcoin feels out lower levels, as it is doing with 45.6K, it gets more comfortable with breaking through them, so be vigilant of a further selloff which could take us to 45.0K or 43.8K. We appear to be seeing a bear wedge forming. Volatility has consolidated, and the longer it does so, the more probable a breakout or breakdown becomes. If we see a burst of momentum, then $47.4 and $48.2 are the next targets.
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