Bitcoin retraced 50% of the Amazon rumor move, but even after Amazon confirmed it will not be taking crypto payments, it has returned to test the extremely significant $40K handle. This is a significant psychological level, and was a barrier to BTC for some time. The Kovach OBV has turned up sharply with this momentum, and we could be on the cusp of a breakout. We have two levels above that will provide immediate resistance, but after that it should be smooth sailing to $45K. If not, lower levels at $36K should hold.
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