BitcoinLong
Bitcoin Presses Lower
Bitcoin is maintaining the range as we anticipated. We are stuck between 18.6K and 22.4K, with a low at 17.6K. We have given up the 20K's and are trending to the lower bound at 18.6K, though we seem to be holding on to the 19K's. The Kovach OBV is trending downward, but may be leveling off suggesting that we could be nearing a bottom. Depending on the CPI print today, we could test either bound of the range, so watch for this reading at 8:30 AM EST.
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