Bitcoin broke down past $20.7K making yearly lows. We have broken past many strong support levels, confirming the bear trend. The next level is a major Fibonacci level around $19K, which we anticipate to hold and potentially be a bottom. The Kovach OBV is solidly bearish, and the crypto market is severely oversold. If we somehow catch a relief rally or pivot then $22.4K is the next target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.