Bitcoin Clings to Support

Bitcoin is back to support after an attempt at a rally got batted down at 25.1K. We saw another brief attempt that could not even make it past 24.4K before immediately retracing back to support. The level 23.9K appears to be holding, the failed attempts at higher levels could be a bearish sign. The Kovach OBV is roughly level, but does appear to be increasing slightly. If we do see a rally, 25.1K is the level to break before considering higher levels. If support gives out then 22.4K is the next target.