Bitcoin Makes Another Attempt for $20.7K

Oct 28, 2022

Bitcoin has retraced, but has pivoted with stocks and we are seeing a renewed rally. We will see if we have the strength to test 20.7K again, but we are looking a bit weak. The Kovach OBV is still bearish and has not registered the pivot. If we are able to somehow breakout past 20.7K, then 22.4K is the next target. Othwerwise, expect support at 20K, 19.5K or 18.6K, the latter of which we expect to hold as a floor price.