Bitcoin caught a relief rally to $41K which was immediately batted down. We have recovered the $40K's albeit not by much. We are currently seeing support from $40.8K, one of the last levels in the $40K handle. If this does not hold, we could test $39.2K again. If we somehow see strong buying come through, we must first break out from $41K and $42K, before testing higher levels. We anticipate $45K to be a ceiling for now.
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