After tumbling from the $50K handle, Bitcoin appears to have stabilized in the mide $40K's. We have found good support from our levels between $45K-$46K. Recall that there is a cluster of these around this price range, and we gave you a heads up that support was likely. Currently, the price action is completely flat, suggesting that Bitcoin is digesting these lower prices and establishing value here. If we do catch some momentum, the next level above is $48.2K. If we are able to break current levels, we should find support from $43.8K.
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