Bitcoin Hovers at $30K

Bitcoin has remained confined between 27.8K and 32.3K for just about the past month. Every rally seems to be swiftly batted down. Even within this range, volatility has consolidated immensely and we are hovering right about 30K, giving it up by a thread. The Kovach OBV is completely flat, however there was a selloff in stocks yesterday, and very thin trading in crypto, both of which are bearish signs. Expect support from 28.8K and 27.9K, then 25.1K should hold as an absolute floor for now in the worst case. Bitcoin is struggling to maintain 30K, and we must break through significant resistance around 31K and 32K before considering higher levels.