Bitcoin Tests the Low $40K's

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

quantguy

Bitcoin has blasted through lower levels to find support around $42K exactly as we anticipated here in these reports. It plunged through support at $43.1K but so far, levels at $41K and $42K are holding. If more FUD comes through we anticipate $40K to be a floor for now. If we are somehow able to muster the strength for a rally then $43.1K and $43.8K are the next targets above. The Kovach OBV is pretty flat so we will need more momentum to come through for this to be the case.

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