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OSTK holding crucial $16 support

I still think this stock has a bottoming pattern in the works. Price failed right above $23 at previous major supply level. Massive short interest finally took this down on market weakness. However, bitcoin price action and volume still looking great and this should be back in the 20s with any spike in bitcoin. Heavy institutional buy volume is supporting the price above $16 imo.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCUSDTechnical IndicatorsLTCOSTKSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY)

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