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Bitcoin Tests Lower Levels

Bitcoin has 'rounded off' in price action and is testing lower levels in the 40K handle. We are seeing good support from 41.9K and 41.6K, confirmed by two green triangles on the KRI. Though we are seeing support at these levels, there is still a lack of buying interest which does not bode well for BTC. If these levels do not hold, then 40.8K is the next level, then 40.0K will be the final barrier between BTC and the 30K handle. Our lowest target for support for now is 38K. Current levels seem to be holding strong, and if we see a relief rally or a small pivot from them, then 43.1K is the next target. We need more buying interest before we can reestablish levels in the mid 40K's.