Bitcoin Tests $42K
Bitcoin rallied in perfect correlation with stocks. As predicted, we are seeing resistance around 42K. If we are able to break through there is a vacuum zone above to 43.1K. The Kovach OBV has picked up, but has leveled off indicating that momentum has petered out for now. We should see support at the low 40K's if we retrace. As an absolute floor we expect 39.2K to hold at least for now.
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