Bitcoin has been wavering at the precipice of the $40K handle for some time. We appear to be forming a bear flag, and have very little buying interest. This set of factors does not bode well for the price. If we break down further, expect support $38.2K, or $37.7K. Long term, we could stand to press much lower before seeing any buying interest. If we do catch some momentum, then $45K is a nice target and our anticipated ceiling price for now.
Join my discord at discord.io/quantguy
