Bitcoin Makes Another Attempt for $20.7K

Bitcoin has retraced, but has pivoted with stocks and we are seeing a renewed rally. We will see if we have the strength to test $20.7K again, but we are looking a bit weak. The Kovach OBV is still bearish and has not registered the pivot. If we are able to somehow breakout past $20.7K, then $22.4K is the next target. Othwerwise, expect support at $20K, $19.5K or $18.6K, the latter of which we expect to hold as a floor price.