Bitcoin has fell from the $40K's to the value area between $38K and $40K. We made a run for lower values but found great support at $37.7K. We are currently seeing a lot of resistance above confirmed by multiple red triangles on the KRI. Indeed, $40K should provide a barrier for now, but if we are able to break through, then we have two strong levels in the $41K's which makes this the next target. If we break down further, watch the vacuum zone to $34.9K. The Kovach OBV is pretty flat, so anticipate more ranging, though the risks remain to the downside.
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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.