How Low Can Bitcoin Go?? 📉🤯
Bitcoin fell deeper into the 20K's last night. It found support at 25.1K, our exact level, before finding support and pivoting back to the 28K's. At this point, 30K should be a barrier, which was unthinkable for some, even a few days ago. The Kovach OBV is abysmal, and registers the most extreme of sold off conditions. A relief rally is to be expected and we will see if the bounce we got back to 28K is all we are going to get. If we do see some momentum come through then we must first break 30K, then 32.3K is the next target. If 25.1K fails to hold, then the next targets below are 22.4K and 20.7K. We have a major low and Fibonacci level on the daily chart at 19K, which we expect to be the bottom, should the selloff continue.
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