Bitcoin Back to $30K??

Bitcoin has met some serious resistance at 40K, and reject this level for the third time, sending us back to 36.7K. We have just now broken this level and are in the 35K handle at the time of this writing. Worst case, BTC could retrace to 30K again. It is likely to find support there, however it has tested this lower bound twice already, and the more times it tests it, the more comfortable it is to break it. If we do see some momentum come through, we will have to contend with 36.7K and 37.7K, which will now provide resistance. After that, 40K has proven an extremely tough barrier.