Bitcoin has continued to establish weakness, breaking through our level at $19.5K. We are currently finding support at $19.0K, confirmed by green triangles on the KRI. We have added this as a new technical level on the chart. The Kovach OBV shows little signs of life, and if we break down from here, then $18.6K is the next target. We feel BTC needs to bottom out again before a signfiicant rally. If we do rally, then $19.5K will provide resistance and $20K is almost certainly a barrier for now.
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Join my discord at discord.io/quantguy
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