Bitcoin has fallen further, giving up the $20K's. As we anticipated, we are seeing some support in the $19K's. We are currently clinging to $19.1K, but appear to have good support confirmed by green triangles on the KRI. If this support does not hold, we may make a run for lows around $17K. If we are able to pivot from here, we could reclaim $20K, with $20.7K the next target. We anticipate $22.4K to be a ceiling for now.
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Join my discord at discord.io/quantguy
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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.