Bitcoin has found support around our levels in the $41K handle. This follows a brief attempt to press lower, which was bought back up to support. Bitcoin is holding a very narrow range, and the malaise from buyers does not bode well for upside potential. The longer Bitcoin ranges without significant buying interest, the more likely it is to see another dump. If so, watch for support in the lower $40K handle, but if that does not hold, we have our eyes on $38K. If we can muster a breakout, then $43.8K remains the level to break before we can press higher into the mid $40K's. There is a vacuum zone above $43.8K to $45.0K. The Kovach OBV has completely flatlined so we will need to see more momentum come through either way before BTC makes its next move.
Commentaire:
Sharp selloff in Bitcoin!! Still maintaining $40K's for now...
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