Bitcoin Slumping

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Bitcoin continues to edge down from our level at 20.7K. We made a concerted effort to break through to the 20K's, but a persistently hawkish Fed has dampered attempts to reach 22.4K, our next target. The price action is looking weak and the Kovach OBV remains relatively flat. Expect support at 20K, then 19.5K if things turn south.