Bitcoin Rejects $40K... Again 😒
As mentioned yesterday, Bitcoin has met resistance just under 40K. We saw a brief pivot from 37.7K, which likely got bulls all hot and bothered, but the fervor quickly fizzled and was not able to sustain a recovery to the 40K's. The Kovach OBV picked up sharply with that rally, but has quickly leveled off. We have stabilized just above 
39K, and are likely to remain in the range between 37.7K and 40K unless we see a nice buying wave come through. Keep your eyes on stocks, as the correlation between BTC and stocks seems to be increasing in reliability.
39K, and are likely to remain in the range between 37.7K and 40K unless we see a nice buying wave come through. Keep your eyes on stocks, as the correlation between BTC and stocks seems to be increasing in reliability.
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