Bitcoin to $30K's Again??
Bitcoin has retraced back to support at 40K. We had been calling for this retracement after weak momentum met resistance, and the price action meandered just below 45K. Several red triangles on the KRI confirmed that 45K was too top heavy for Bitcoin, and we promptly retraced to support in the 
41K's. After that did not hold, we identified the next levels of support around 40K, where we are currently seeking to establish value. The Kovach OBV has dropped off substantially, but 40K is a strong psychological and technical level. If it holds, we could make a run back through 41K back to the value area just above the 43K's. If selling continues, then 38.2K is a particularly auspicious level and is likely to provide strong support.
41K's. After that did not hold, we identified the next levels of support around 40K, where we are currently seeking to establish value. The Kovach OBV has dropped off substantially, but 40K is a strong psychological and technical level. If it holds, we could make a run back through 41K back to the value area just above the 43K's. If selling continues, then 38.2K is a particularly auspicious level and is likely to provide strong support.
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