BitcoinPenjualan
MASSIVE Selloff in Bitcoin!! 😱📉🐻
Bitcoin melted down yesterday, as risk-on assets got annihilated. Alerts kept pouring into our phones as Bitcoin sold off further and further. We blasted through significant levels of supportand dipped into the 
29K's, albeit briefly, before we saw some buying interest. It is reasonable at this point, after being so oversold, for there to be a relief rally, but it still does not appear that we've reached 'max pain'. We were able to test 32.3K again, but the Kovach OBV has not registered any significant buying. It is still very bearish, but tapering ever so slightly, suggesting perhaps a brief correction to the bear trend. If we can break 32.3K, then we should have resistance from the 34K's. Recall that 34.9K is a significant Fibonacci level. If we fall further, we will establish the 20K's again, with 28.8K being the next target.
29K's, albeit briefly, before we saw some buying interest. It is reasonable at this point, after being so oversold, for there to be a relief rally, but it still does not appear that we've reached 'max pain'. We were able to test 32.3K again, but the Kovach OBV has not registered any significant buying. It is still very bearish, but tapering ever so slightly, suggesting perhaps a brief correction to the bear trend. If we can break 32.3K, then we should have resistance from the 34K's. Recall that 34.9K is a significant Fibonacci level. If we fall further, we will establish the 20K's again, with 28.8K being the next target.
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