Bitcoin has edged downward as hopes of a more dovish Fed were smacked down by the FOMC yesterday, which indicated further tightening is necessary. We have rejected $20.7K for now, but are meandering in the vacuum zone between this level and support below at $20K. The next target for support should be $19.5K. If this is just a pull back into a broader up-trend, then we must break through $20.7K before we can consider our next target at $22.4K. However, the Kovach OBV is weakening suggesting we will need more momentum to attain higher levels.
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