Bitcoin has rallied almost 30% since it touched lows at $31K. All it took was another tweet from Elon Musk, changing his stance on accepting Bitcoin payments yet again. We are currently back up to just under $40K, which we have pointed out in these reports to be a significant barrier for BTC. We are likely to continue to meet resistance here and potentially retrace back to $37.7K. There is a cluster of levels above $40K which are bound to provide more resistance before the next vacuum zone to $45K. The Kovach OBV has picked up notably so this is a good sign for BTC bulls.
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