Bitcoin Finds Support!

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.