As discussed here, Bitcoin was able to break through 
42K, but $43.1K provided prohibitive resistance. We rejected this level hard and fell through the 42K's where we anticipated at least some support, back to the base of the $40K handle. A wick even tested the high 
39K's. We have since recovered $40K, just barely. We are making an attempt to test $40.8K, with a red triangle on the KRI confirming some resistance here. We should see further resistance from the 
41K to 42K range, and support from $39.2K if we breakdown further.
42K, but $43.1K provided prohibitive resistance. We rejected this level hard and fell through the 42K's where we anticipated at least some support, back to the base of the $40K handle. A wick even tested the high 39K's. We have since recovered $40K, just barely. We are making an attempt to test $40.8K, with a red triangle on the KRI confirming some resistance here. We should see further resistance from the 41K to 42K range, and support from $39.2K if we breakdown further.
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Join my discord at discord.io/quantguy
Related publications
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.