BITCOIN STILL BATTLING WITH $40K A FEW WEEKS AGO WE SAID HOW IMPORTANT IS WAS FOR BITCOIN TO BREAK $40K AND TURN IT FROM RESISTENCE INTO SUPPORT
TODAY WE ARE TRADING AT AROUND $38700 HOWEVER WE DID TEST THE RESISTENCE AT $40K OVER THE WEEKEND AND GOT REJECTED
THIS MEANS ANOTHER TEST OF $40K IS POSSIBLE IN THE COMING DAYS BUT IF WE GET REJECTED AGAIN THIS IS NOT GOOD FOR BTC AND WE COULD EXPECT A MOVE LOWER TO AROUND $37500 WHERE WE NEED TO HOLD SUPPORT TO PREVENT A MOVE EVEN LOWER.
