quantguy

Bitcoin Clings to Support

BITSTAMP:BTCUSD   Bitcoin
Bitcoin is back to support after an attempt at a rally got batted down at $25.1K. We saw another brief attempt that could not even make it past $24.4K before immediately retracing back to support. The level $23.9K appears to be holding, the failed attempts at higher levels could be a bearish sign. The Kovach OBV is roughly level, but does appear to be increasing slightly. If we do see a rally, $25.1K is the level to break before considering higher levels. If support gives out then $22.4K is the next target.

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