Bitcoin Finding Support??

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Bitcoin suffered one of the greatest losses since 2017, losing over 40% of its value. At its lowest, it hit 30K, but was swiftly bought back to 40K. While it looks like we have a bull rejection pattern here, we thought we saw those the past few times Bitcoin appeared to have bottomed out only to press further by another 10K. No one knows for certain if it has bottomed out or if another wave of momentum will take us back to the 30K handle or lower. The Kovach OBV is very oversold, so at this point we are due for a rally even if it is just a short covering rally. Our next target, should momentum return, will be 45K.