Bitcoin Looking Weak

Bitcoin appears to have peaked for now just shy of 22K. There is very little buying interest at what would seem to be fire sale prices with respect to prices from just a few months ago. The price action is rounding off and the Kovach OBV is still hugging lows. Additionally, the contractionary GDP figure is likely to weigh on stocks which is not likely to help at all. We have broken the support level at 20.7K, and 20K is hanging by a thread. If that caves, we should see support in the 19K's, with 17K the floor for now. If we do see momentum come through, then 22.4K is a likely ceiling.