Bitcoin has seen a massive and sustained selloff likely due at least in part to a stronger US dollar. We have broken past several technical levels $50.8K, $49.7K, and $48.2K which will now provide resistance. The levels $45.6K and $45.0K should provide support but if not there is a vacuum zone down to $41.9K. The Kovach OBV has turned bearish and the Kovach Chande has stagnated. This suggests it could go either way for BTC. We definitely need another wave of strong momentum to break this rout. Let's hope for another Musk tweet or nod from a policy maker or large hedge fund.
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