Can Bitcoin Test $25K Again?Bitcoin rejected higher levels at $25.1K, but is finding strong support at $23.9K. Support is confirmed by green triangles on the KRI. The Kovach OBV is still strong but has retraced slightly with the retracement. If current levels fail to hold, then there is a vacuum zone back to $22.4K. If we are able to pivot from current levels, we must first break $25.1K before we are able to consider higher levels. We should see significant resistance at $25.1K.
Blokcchain
Bitcoin Breaks Out!!Bitcoin caught a nice rally as crypto saw an influx of buying momentum from the stock market rally. We were finally able to break through $31K, which was a hard upper bound for a two weeks. We were able to hit our next target at $32.3K, with a wick barely touching it before retracing to the mid $31K's. So far, the targets in these reports were spot on. Recall that we predicted the first target to be $$32K, with a ceiling at $34K. The Kovach OBV has edged up, but we are still skeptical of this rally until we can solidly break $34K. We should have good support at $30K, in the event of a retracement.