Bitcoin has held its ground just below $42K. We are testing two strong levels of resistance at $41.7K and $41.9K. Resistance is confirmed by several red triangles on the KRI. We do however appear to be seeing a bull wedge type consolidation forming under this level. However, the Kovach OBV has completely leveled off for now, which does not give us much confidence in a breakout. It does appear to depend on what stocks are going to do today. Further momentum in the stock market may bleed through to Bitcoin and if so, we could break out through the vacuum zone to $43.1K. If not, we should see supprt around $40K.
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