BitcoinLong
Bitcoin Facing Resistance
Bitcoin has returned to support at 
36K after finding resistance at 40K. We anticipated resistance here, since this would be a psychological barrier. Furthermore there are a cluster of levels here between 40K and 41.9K which will be difficult to punch through. Once we do, however, there is a vacuum zone up to 45K. The Kovach OBV is picking up but still very weak at this point. We still believe that 30K is the bottom for now.
36K after finding resistance at 40K. We anticipated resistance here, since this would be a psychological barrier. Furthermore there are a cluster of levels here between 40K and 41.9K which will be difficult to punch through. Once we do, however, there is a vacuum zone up to 45K. The Kovach OBV is picking up but still very weak at this point. We still believe that 30K is the bottom for now.
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