Has Bitcoin Bottomed Out??
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
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.
