Bitcoin Stabilizes

Bitcoin has slumped again after making another run for higher levels. We found support at 22.4K, and appeared to be make an attempt at a breakout to 23.9K. We quickly met resistance and found are running into support again at 22.4K again. If support does not hold there is a vacuum zone down to 20.7K, at the cusp of that range near lows we held for a while in June and July. If we can break through 23.9K, then 25.1K is the next target.