Bitcoin has validated our predictions quite well. We noted $28.9K was a nice price target, based on our Fibonacci extension levels. It hit that exact price yesterday. Now it seems like it is coming up for air. The Kovach OBV is strong, but has levelled off in the last few bars, suggesting that we may be at a comfortable top for the time being. At this point, the most realistic retracement we can expect is $27K, and that should be considered a serious buying opportunity.
