Bitcoin Tests Lower Levels

Bitcoin has 'rounded off' in price action and is testing lower levels in the $40K handle. We are seeing good support from $41.9K and $41.6K, confirmed by two green triangles on the KRI. Though we are seeing support at these levels, there is still a lack of buying interest which does not bode well for BTC. If these levels do not hold, then $40.8K is the next level, then $40.0K will be the final barrier between BTC and the $30K handle. Our lowest target for support for now is $38K. Current levels seem to be holding strong, and if we see a relief rally or a small pivot from them, then $43.1K is the next target. We need more buying interest before we can reestablish levels in the mid $40K's.