Bitcoin has slumped, still relaxing at the base of the $40K handle. We are seeing strong support at $39.2K, which seems to be a floor for now, but lack of buying at this level is concerning, and could indicate another test of lower levels. The Kovach OBV is still quite bearish. If so, $38.2K and $37.7K are likely levels of support. A likely ceiling for now is $43.1K.
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