May 12, 2026

Bitcoin Tests $42K

Bitcoin Tests $42K

Bitcoin Tests $42K

Bitcoin Tests $42K

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
quantguy


Bitcoin Tests $42K

Bitcoin rallied in perfect correlation with stocks. As predicted, we are seeing resistance around $42K. If we are able to break through there is a vacuum zone above to $43.1K. The Kovach OBV has picked up, but has leveled off indicating that momentum has petered out for now. We should see support at the low $40K’s if we retrace. As an absolute floor we expect $39.2K to hold at least for now.

Previous Article

Bitcoin Tests $42K

Next Article

Ethereum Tests $3200

You might be interested in …

SLP Tenbagger call

SLP Tenbagger call

SLP Tenbagger call Smooth Love Potion / USD FTX:SLPUSD RT_Trading_ Hey trader, please see my current idea on SLP , where my count suggest an increase of 1000% to the 1.618 extension area. This is […]

ALGO PUMP IT 3D CANDLES

ALGO PUMP IT 3D CANDLES

ALGO PUMP IT 3D CANDLES Algorand / TetherUS BINANCE:ALGOUSDT Jmcdonald54 to the mooon lines are resistance/support not financial advice, just someone who likes to do occasional TA and play with safe leverage ~5x hope you […]

#SHIB USDT

#SHIB USDT

#SHIB USDT SHIB / TetherUS BINANCE:SHIBUSDT ahmedmosax45 SHIB USDT WAVE ANALYSIS price action supportand ressistance chart pattern marker structure