Bitcoin Tests $43K Again
Bitcoin got support from the $41K’s as we anticipated yesterday. We the lift seems to be coming off news that Terra has bought $125M worth of Bitcoin for its reserve. If we want to continue to see higher prices in crypto we will need more news like this. We are currently testing $43.1K again, but a red triangle on the KRI is providing resistance. We have tested this level again earlier this week, and are likely forming some kind of consolidation pattern here like a bull wedge or flag, as we gear up for a potential breakout. Our next target is $45K, which is the ultimate barrier that must be broken before we can consider higher levels. If we retrace again, watch for support in the $41K’s or $40K’s.

