Bitcoin suffered one of the greatest losses since 2017, losing over 40% of its value. At its lowest, it hit $30K, but was swiftly bought back to $40K. While it looks like we have a bull rejection pattern here, we thought we saw those the past few times Bitcoin appeared to have bottomed out only to press further by another $10K. No one knows for certain if it has bottomed out or if another wave of momentum will take us back to the $30K handle or lower. The Kovach OBV is very oversold, so at this point we are due for a rally even if it is just a short covering rally. Our next target, should momentum return, will be $45K.
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Join my discord at discord.io/quantguy
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.