Bitcoin Stumbles, Finds Support at $41K

Bitcoin has retraced from $45K to find support at $41K. This is exactly what we predicted yesterday. Bitcoin was having a great deal of trouble with $45K, with the price action rounding off, and several red triangles on the KRI confirmed resistance there. We seem to be getting good support at $41K, but if it fails, we will surely see further support at $40K. There is a vacuum zone back to $38K, which has been well established in these reports, and dedicated readers should recall this well. The technical level of $38K is also a major Fibonacci on the day level, so keep this in mind. If we somehow can muster the strength for a rally, $45K will surely be a barrier for now.