Bitcoin We Must Hold Above $40,000

If Bitcoin ain't happy nobody happy. We have a nice wick touching the .382 at around $42,500. Another re-test of this area is crucial after we wicked down here during the September 7th liquidation crash. Looking for a bounce and to hold above $40,000. If we cant hold above $40,000 - $42,000 with the negative momentum then $37,000 is are next area of support. However we're getting very oversold on our 4 hourly time frames so we may get a bounce in the days to come. On our daily strength indicators we still may have a little more sell pressure to come. The market is pretty darn neutral.

Much peace, love, health, and wealth!

Resistance: $48,800
Support: $42,200