As predicted, Bitcoin was not able to sustain highs and rejected $23.9K, falling back to support at $22.4K. We are seeing a great deal of support, confirmed by multiple green triangles on the KRI. It seems likely that BTC will range between $22.4K and $23.9K until some definitive momentum comes through. Note that if we break through $22.4K, we are likely to reestablish the range between $18.6K and $22.4K.
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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.