Bitcoin Rejects $40K!!

Bitcoin seems to have rejected higher prices for now, retracing back below the 40K handle. It appears that the 40K's were too much for BTC to hold for now, and as we suggested in yesterday's report, it found support exactly at 37.7K. Currently it is catching a bit of support confirmed by a green triangle on the KRI just above 37.7K. The Kovach OBV has started to drift downwards, but it does not indicate the momentum of a proper crypto dump. If we do see the selloff continue then 36.7K and 34.9K will provide further support. If we can see more momentum, then we should be able to regain the 40K handle.
altcoinsBitcoin (Cryptocurrency)blockchainBTCChart PatternscryptoghostsquawkhodlTechnical IndicatorskovachTrend Analysis

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