Bitcoin Holding $40K
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Bitcoin has topped out at $41.6, the exact target we have predicted here. It got a lift from the range it had held at $38K or so, but momentum quickly faded and we have established a range again between $40K and $41.6K. The price action is steadily drifting downwards, as the Kovach OBV levels off. Watch for support at $40K but if not, we could reestablish the range between $38K and $40K once again. We have two significant levels in the $41K’s to break through but if we can do that the next target is $43.1K.
