Bitcoin has rejected the $40K’s yet again, feeling the weakness from stocks, and strength in the US dollar . The Kovach OBV is registering the selloff, but does appear to be bottoming out, suggesting Bitcoin may be finding support at current levels. We did see support from $37.7K, one of the exact levels we identified here. However, we are not seeing much momentum come through, and are facing immediate resistance from the next level above at $39.2K, confirmed by a red triangle on the KRI . If we are able to break through, then we will likely face extreme resistance in the low $40K’s. If we break through $37.7K, then $36.7K is our next target for support.