Bitcoin Faces Headwinds

21 Mar 2022

Bitcoin has made a run for highs again, but rejected 41K. We are seeing a lot of resistance here confirmed by multiple red triangles on the KRI. We are currently ranging in the narrow value area between 40K and 41K. The Kovach OBV has slumped, but if we pick up we can expect a blast off to 43.1K. If we break down further we will reestablish the value area between 38K and 40K.