BitcoinPembelian
Bitcoin Bottomed Out??
It appears the bear rout is not over in Bitcoin. We have seen many apparent bottoms only to collapse one level or more. Currently, we appear to be finding support at 41.9K, and seem to have a double bottom there. We will watch as this pattern unfolds as it could be a bear flag in the process of forming. The Kovach OBV is very bearish, but does appear to be turning. We will have resistance from a cluster of levels from 45.3K to 46.2K. After that, our next target is 48.2K, which we once conjectured was a hard lower bound for Bitcoin, at least at the time.
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