Bitcoin sold off with stocks, testing the lower $20K's. It is hanging onto the $20K handle by a thread. Despite the stock selloff, we were starting to see increased resistance in the low $20K's confirmed by red triangles on the KRI and were unable to test even the first level of the $20K's at $22.4K. The Kovach OBV has slumped, suggesting we will not make another attempt any time soon. If it dumps further, then we should see support at $19K with a floor at $17K. If we are somehow able to break $22.4K, then $23.9K is the next target.
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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.