Bitcoin Makes Lower Lows!!
Bitcoin has taken another nose dive. We appeared to be finding good support in the 34K handle, but a sharp selloff took us down to support just above 32K. We are just 3K away from our final level of support at 
29K (see the longer term analysis linked to this article). This is the bottom anchor of our daily Fibonacci levels. If we break through this, recall that the next level of support is around 19K. If we are able to see a relief rally, the next targets are 34K and 34.9K, with a likely ceiling at 36.7K. The Kovach OBV is still abysmally bearish, and keeps edging further down, confirming the selloff.
29K (see the longer term analysis linked to this article). This is the bottom anchor of our daily Fibonacci levels. If we break through this, recall that the next level of support is around 19K. If we are able to see a relief rally, the next targets are 34K and 34.9K, with a likely ceiling at 36.7K. The Kovach OBV is still abysmally bearish, and keeps edging further down, confirming the selloff.
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