Bitcoin holds on to the $20K's

31 ส.ค. 2022

Bitcoin has edged higher, hugging the 20K level. We have broken just above this level but are still a bit far from 20.7K, a technical level Bitcoin has tested many times over the past few months. The Kovach OBV is very bearish, but does appear to be leveling off. We must first break 20.7K before testing higher levels the next of which would be 22.4K. If we reject current levels we should find support at 18.6K which we expect to be a floor price for now.