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Bitcoin Testing $40K

Bitcoin appears to be finding support at 37.7K and 38.2K. We are currently making a run for 40K, but this seems to be a barrier for now, as we identified in yesterday's report. We are seeing several red triangles on the KRI to suggest resistance. The Kovach momentum indicators suggesting that momentum is edging up, but it remains to be seen if it will be sufficient to break 40K. It seems to depend on what stocks do today. If there is another selloff, we expect 37.7K to hold as a floor. If we are able to break 40K, then we will surely face resistance around 42K.

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Can Bitcoin Regain $40K??

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