Bitcoin had a nice dip at $40K as we anticipated it would. First, we had the dollar strength off inflation and interest rate expectations from the FOMC meeting yesterday. But additionally, $40K is a formidable barrier that BTC has rejected many times since its descent to the $30K's. It seems that bigger players are waiting for another dump in BTC before adding to their positions. We are seeing good support at $37.7K which is a good sign and we alerted you to this yesterday. If current levels do not hold note the vacuum zone back to $30K. We are likely to range between $37.7K and $40K until BTC figures out its next move
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