Bitconi Testing $45K!!

25 mar 2022

Bitcoin has broken out past its former barrier of 43.1K as it makes its way further up the 45K handle. We are seeing resistance at every step of the way with this rally, with red triangles on the KRI at every technical level we have drawn. The momentum does seem to be weakening, with the Kovach OBV inching up slightly throughout this whole move. We are still skeptical of this rally entirely, but 45K seems to be the 'line in the sand' to higher prices. If we can break that, then our next major target is 47.4K, which is a significant step to 50K again. We are due for a technical retracement either way, which could take us back to 43.1K, 41K or 40K. We anticipate the 40K's to hold for now either way.