Bitcoin has faced resistance from $38.2K, and has pressed down to lower levels of support in the narrow range between $36K and $38K. We appear to be finding good support at $36.7K, confirmed by a green triangle on the KRI. However, there is a vacuum zone down to $34.9K. The crypto markets are looking weak, so be mindful of this downside risk. If we are able to muster the strength for a breakout, then we must definitively break $38.2K, in which case, our next target would be $40K.
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