Bitcoin has tested lows again at $45.6K. We are seeing a very small bounce from this level, and are currently trekking up past the next level at $46.2K. However we are seeing very little momentum to this drive and the Kovach OBV is still abysmally weak. When Bitcoin feels out lower levels, as it is doing with $45.6K, it gets more comfortable with breaking through them, so be vigilant of a further selloff which could take us to $45.0K or $43.8K. We appear to be seeing a bear wedge forming. Volatility has consolidated, and the longer it does so, the more probable a breakout or breakdown becomes. If we see a burst of momentum, then $47.4 and $48.2 are the next targets.
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