Bitcoin has faced resistance from $38.2K, and has pressed down to lower levels of support in the narrow range between $36K and $38K. We appear to be finding good support at $36.7K, confirmed by a green triangle on the KRI. However, there is a vacuum zone down to $34.9K. The crypto markets are looking weak, so be mindful of this downside risk. If we are able to muster the strength for a breakout, then we must definitively break $38.2K, in which case, our next target would be $40K.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.