Bitcoin collapsed as low as $40K before finding support (as confirmed by a green triangle on the KRI) and recovering to $43.2K. It seems that Bitcoin is unwilling to give up the $40K handle for now. We should see prices equilibrate in the $43K-$45K range for the time being. The Kovach OBV is incredibly oversold, so we could see another selling wave come through. If so, watch for support in the $41K's, but if we test $40K again, it could be sign that we are getting comfortable with the low $40K's and likely to test the $30K handle again.
Join my discord at discord.io/quantguy
