As mentioned yesterday, Bitcoin has met resistance just under $40K. We saw a brief pivot from $37.7K, which likely got bulls all hot and bothered, but the fervor quickly fizzled and was not able to sustain a recovery to the $40K's. The Kovach OBV picked up sharply with that rally, but has quickly leveled off. We have stabilized just above $39K, and are likely to remain in the range between $37.7K and $40K unless we see a nice buying wave come through. Keep your eyes on stocks, as the correlation between BTC and stocks seems to be increasing in reliability.
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