Two Ways to Trade the Bitcoin Meltdown!!

Bitcoin has melted down as looming US regulation and a China crackdown weigh in on the price. We have breached the $60K handle, but found strong support from $59.4K. Readers should be very familiar, and we hope you were prepared. The Kovach OBV has turned sharply bearish, but is starting to look oversold, indicating that this could be a good place to buy back. Just watch to see how the price action deals with these lower levels. We could form a bear wedge from here, before dumping lower. If that is the case, then we should see continued support at $57.7K, $56.8K, and finally at $55.7K. If we do find support at current levels, then $61.6K is the next target.