Bitcoin Malaise Continues

Bitcoin saw some weakness over the weekend sending it back down to 35K, which appears to be the new lower bound of support. We caught a meager lift here but are facing some resistance around 36.7K, a level we have contended with many times recently. The Kovach OBV is pretty flat, and has registered the selloff. If we don't see any momentum come through anytime soon, anticipate 36.7K to be a hard upper bound for now. If this is the case, the price will likely range between 35K and 36.7K. A strong selloff could take us back to 30K and a surprise bid could take us to resistance at 40K.