Bitcoin saw a nice burst of momentum, and has blasted through resistance at $20.7K, testing the next level at $22.4K. We are currently seeing a red triangle on the KRI confirming resistance there, and have retraced a bit. It is unlikely BTC can muster the strength to press higher but if it does, the next target is $23.9K. If we retrace from here, $20.7K should provide support, but if not, there is a vacuum zone to $18.6K.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.