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.
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