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.
Comment:
Bitcoin broke $40K!! 📉📉📉😱😱 Tested $30K's briefly before recovering back to the $40K's... barely!!
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