Bitcoin Clings to the Low $21K's

2022年7月27日Bitcoin has fallen from highs at 23.9K, crushing hopes that another bull market has returned, and confirming our assertion that this was a 'bull trap' all along. We are finding support at 20.7K, after hitting this level exactly. Support is confirmed by a green triangle on the KRI. We got a small pivot from there, but are running into resistance confirmed by red triangles on the KRI. The Kovach OBV has drifted downwards, but may be bottoming out soon. If the momentum can continue, we expect resistance again at 22.4K. If we fall further, there is a vacuum zone to 18.6K.