April 13, 2026

Bitcoin Retraces, will the Rally Continue??

Bitcoin Retraces, will the Rally Continue??

Bitcoin Retraces, will the Rally Continue??

Bitcoin Retraces, will the Rally Continue??

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
quantguy


Bitcoin Retraces, will the Rally Continue??

Bitcoin has hit our price target of $43.1K, but fell short of our expectations to contiune the rally. Although stocks are strong, their strength does not seem to be met by the newly established intermarket correlation with Bitcoin . Two red triangles on the KRI have confirmed resistance at $43.1K. There is strong support around $41K and we anticipate it to hold, but if not there is no reason we should expect to see any lower prices than $40K. The Kovach OBV has slumped, suggesting momentum has let up a bit. We are still hopeful of a bull rally to our next target of $45K, but are skeptical with the lack of momentum.

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