Bitcoin has been in the doldrums all weekend. It has flatlined around $39.2K, which we have added as a new technical level. We are seeing resistance at this level currently, as confirmed by red triangles on the KRI . It has really shown a preference for the range we have called out many times in these reports: $38K to $40K. The only good news is that Elon Musk , crypto’s self proclaimed cheerleader, has announced that he will not sell his crypto holdings. Bitcoin appeared to rally off this, after testing lows at $37.7K, which should be regarded as a floor for now. The Kovach OBV is pretty bearish , but if we do somehow gain steam, then we must break $40K before seeing higher levels.