Bitcoin caught a relief rally to
41K which was immediately batted down. We have recovered the $40K's albeit not by much. We are currently seeing support from $40.8K, one of the last levels in the $40K handle. If this does not hold, we could test $39.2K again. If we somehow see strong buying come through, we must first break out from
41K and
42K, before testing higher levels. We anticipate $45K to be a ceiling for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.