Bitcoin has weakened further, but found support at our level at $46.2K, to which you were alerted in yesterday's report. There is a cluster of support levels below, in the $45K range, but then a vacuum zone down to $43.8K if weakness persists. We may be forming a bear consolidation type pattern which could suggest we are gearing up for another selloff. But we are due to for a bit of ranging otherwise, and the range from $46.2K to $48.2K seems reasonable for now, unless we catch some momentum, which could bring us back to $49.7K.
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Cryptos getting a lift off lower dollar values due to Powell's dovish comments
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