Bitcoin Resistance at $40K!!
Bitcoin had a nice dip at 40K as we anticipated it would. First, we had the dollar strength off inflation and interest rate expectations from the FOMC meeting yesterday. But additionally, 40K is a formidable barrier that BTC has rejected many times since its descent to the 30K's. It seems that bigger players are waiting for another dump in BTC before adding to their positions. We are seeing good support at 37.7K which is a good sign and we alerted you to this yesterday. If current levels do not hold note the vacuum zone back to 30K. We are likely to range between 37.7K and 40K until BTC figures out its next move
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