Lower Lows for Bitcoin 😨📉

22 Sep 2021

Bitcoin made another run for lows, but has stubbornly refused to break the 40K handle. It found good support around 40K, then quickly established value around 42K. We are seeing lower lows, however, indicating that we are still in a bear trend. Current levels would be a good place to start accumulating a position, but be advised that we could see another dump. The more Bitcoin feels comfortable with the lower 40K handle, the higher the probability it can break through to the 30K handle. The Kovach OBV is still quite bearish.