Bitcoin Slammed Back to Relative Lows

Bitcoin took another dive after flirting with the 45K's. We were encountering choppy trading with thin volume and the Kovach OBV has completely leveled off confirming the ambivalence. We do appear to be seeing support just below 45K, but if this does not hold, there is a vacuum zone back to 43.8K. We will have further support around 42K and 40K if the selloff continues. If we are able to pivot from current levels, then $47.4K is the next target.