More FUD for Bitcoin!! 😱😱
Bitcoin has faced another wave of FUD over the weekend, pushing prices back to the lower 30K handle. We are currently hanging on by a thread to 32K. A green triangle on the KRI may suggest that we are finding support there. If not, 30K will surely be a cushion for now. As we have mentioned before, the more BTC tests the lows of the 30K handle, the more inclined it will be to break lower. Attempts of 40K have been swiftly thwarted. The Kovach OBV has been steadily and consistently declining. At this point, we anticipate a bit of a relief rally to the selloff, but the overall trend is clearly bearish.
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