BitcoinShort
Has Bitcoin Bottomed Out??
Bitcoin appears to have bottomed out for now at 30K or so. Recall that we were able to wick into the 
29K's, but this was quickly bought back. We seem to be forming a narrow range, bouncing back and forth between our levels at 30.2K and 32.3K. The Kovach OBV is still bearish, but 30K is a strong psychological and technical level. If we are able to break out from here, then 34K is the next target after crossing the vacuum zone. If we fall further, and are able to break 30K, then 28.8K is the next target.
29K's, but this was quickly bought back. We seem to be forming a narrow range, bouncing back and forth between our levels at 30.2K and 32.3K. The Kovach OBV is still bearish, but 30K is a strong psychological and technical level. If we are able to break out from here, then 34K is the next target after crossing the vacuum zone. If we fall further, and are able to break 30K, then 28.8K is the next target.
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