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Bitcoin Tests Low $40K's Again...
Bitcoin faced a sharp selloff at relative highs. We identified 43.8K as a key level, and barrier to higher levels in the 40K handle. Bitcoin appeared to make an attempt to break higher, but several red triangles on the KRI thwarted every attempt and confirmed resistance here. This pohibitive resistance amounted to a sharp correction, and we have fallen back to support in the 
41K's, currently testing 41.9K. We warned you earlier this week that the rally looked weak. We should see support hold from levels in the 41K's, but if not, the next level is 40.8K, then 40K. We will see how the weekend pans out and whether Bitcoin is comfortable in the 40K's or wants to make another run for the 30K's. If so, then 38K is a key level we are eyeing.
41K's, currently testing 41.9K. We warned you earlier this week that the rally looked weak. We should see support hold from levels in the 41K's, but if not, the next level is 40.8K, then 40K. We will see how the weekend pans out and whether Bitcoin is comfortable in the 40K's or wants to make another run for the 30K's. If so, then 38K is a key level we are eyeing.
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