Bitcoin Slammed as Markets Digest Jackson Hole
Bitcoin has plummeted after the hawkish rhetoric from the Jackson Hole retreat slammed risk on assets. We broke through supoort at 20.7K and smashed through 20K. Currently, we are wavering about the 20K mark, in the high 19K's at the time of this writing. The Kovach is incredibly bearish, registering the selloff. Our next level down is 18.6K, and we have reestablished the value area, where Bitcoin wavered for weeks, between 18.6K and 20.7K.
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