Bitcoin has found support at $40.8K. We have tested this level several times. The more comfortable BTC is at this level, the more confident it will be to break it. We aren't seeing sufficient momentum to this small rally to conclude that a bull run is anywhere near. The next technical level below is $40K, and that is the final barrier to the $30K handle. The Kovach OBV is bearish, but has picked up slightly to reflect support. We will have to break $43.1K, then $45K for BTC to be considered bullish again.
Commentaire:
I have realized that I posted the Bitcoin article on the DXY chart. Sorry for the confusion, but Trading View doesn't allow me to take the article down or edit it at this point 😒
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