Another Dump for Bitcoin??
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Bitcoin has picked up slightly, and has been able to barely sustain $30K. We are continuing a range between $28.8K and $31K. The Kovach OBV has flatlined, suggesting that this ranging will continue until we have more buying momentum come through either way. However, from experience, if there is such little buying interest as such bargain levels (respectively), then we are probably in for another dump. We should find support at $27.9K, but after that, there is a vacuum zone down to $25K. If we are able to break out then expect resistance at $32K then $34K.
