Bitcoin Tests Lower Levels
Bitcoin faced an unfortunate selloff to the lower bound of the range it has been holding. We faced a sharp selloff from just below 30K back down to 28.8K. We anticipate further support from 27.9K if needed, but after that there is a vacuum zone down to 
25K, the low of the selloff on the 12th. If we find support here, Bitcoin has been struggling with regaining 30K, and we expect this to continue until we see more momentum come through. But we have been holding this narrow range of less than 
4K for over two weeks now. If we are able to break out, then 
31K seems to be a hard upper bound for now, with 34K an absolute ceiling.
25K, the low of the selloff on the 12th. If we find support here, Bitcoin has been struggling with regaining 30K, and we expect this to continue until we see more momentum come through. But we have been holding this narrow range of less than 4K for over two weeks now. If we are able to break out, then 31K seems to be a hard upper bound for now, with 34K an absolute ceiling. 
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