Bitcoin Regains the $40K's!!

7 Şub 2022

Bitcoin has smashed through the 30K's and reestablished the 40K handle. We saw a sharp buying spike on February 4th, which sailed through the vacuum zone and solidly broke our first psychological and technical level at 40.0K. After that, we were able to ascend further, breaking 41.6K and 41.9K, two technical levels that have provided prohibitive resistance in the past. Currently, we appear to be making another bull run, and are currently testing 43.1K. We have one more level at 43.8K to break through before we can consider the 45K's again. The Kovach OBV appears to be arching downward at this point so we are likely to retrace or range a bit beforehand. If Bitcoin does retrace, we should see support from 40K, but if not, then 38.2K is the first level in the 30K handle and will likely provide good support.