Bitcoin has Little Buying Interest at $40K 😰
Diupdate
Bitcoin pressed lower of the weekend establishing new relative lows at 40.5K or so. We have since edged up to regain the 
41K's, but we did not see the buyback we would expect if investors considered these lower levels 'bargain' prices. We made it as high as 42.8K or so, but were unable to even test the next level at 43.1K. At the time of this writing, we may be seeing the beginning of another dump with a small red candle forming, testing support at 41.6K. We have some green triangles on the KRI around lows, so we should have support there in the event of another selloff. However the more we test 40K, the more comfortable we are breaking it. The next major stop down is 38K. A bull rally must first break 43.8K before we can hope to close the selloff candle back to the 45K's.
41K's, but we did not see the buyback we would expect if investors considered these lower levels 'bargain' prices. We made it as high as 42.8K or so, but were unable to even test the next level at 43.1K. At the time of this writing, we may be seeing the beginning of another dump with a small red candle forming, testing support at 41.6K. We have some green triangles on the KRI around lows, so we should have support there in the event of another selloff. However the more we test 40K, the more comfortable we are breaking it. The next major stop down is 38K. A bull rally must first break 43.8K before we can hope to close the selloff candle back to the 45K's.Catatan
Bitcoin broke 40K!! 📉📉📉😱😱 Tested 30K's briefly before recovering back to the 40K's... barely!!
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