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Bitcoin Rallies, Faces Resistance

Bitcoin has caught a lift from the low $40K's and is currently maintaining a very narrow range around our level at $43.8K. There is a vacuum zone above to the next level at $45.0K. The Kovach OBV has leveled off for now, suggesting that momentum has waned for the moment. We do appear to be meeting resistance just above $43.8K confirmed by three red triangles on the KRI. The rally does appear pretty weak, so we will see if this is just a relief rally into a bear trend, or if the momentum can continue to $45K. If so, this is the next level to break before we can consider $50K again. From below, we have $43.1K, $41.9K, and $41.6K to provide support.