Bitcoin Still Struggling with $45K

3 mars 2022

Bitcoin has made multiple attempts to break 45K, but every attempt has been thwarted. Wicks reject higher levels every time, and we have multiple red triangles on the KRI. Also, the price action is rounding off, which suggests a top at current levels. We are seeing support from 43.1K, as we have been mentioning in these reports, however support appears to be hanging on by a thread, and there is a vacuum zone to 41.9K. This level has held in the past, but if not, 40K is another strong technical and psychological level. If we are somehow able to break 45K, then 47.4K is the next target.