Bitcoin Breaks Support

Bitcoin has broken down through support at 23.9K. We have been teasing this level for a while now, and finally broke through. We anticipated lower prices, as several attempts at higher prices, including 25.1K have failed swiftly. We are currently in the vacuum zone above 22.4K. The Kovach OBV has slumped, indicating that momentum has petered out for now. We need some buyers to return to the table before anything significant happens. If so, 23.9K and 25.1K should provide steep resistance. From below 22.4K should provide support.