Bitcoin is encroaching upon the $20K's, after dipping to the low $17K's this weekend. We are seeing incredible resistance here confirmed by several red triangles on the KRI. We have made it to $21K albeit barely, but a burst of momentum is necessary to solidify the $20K's. If this comes through, watch $22.4K and $23.9K as the next targets. If we do not see momentum come through, there is a strong chance of a rejection, which could take us back to the $19K's or lower. Expect $17K to hold as a floor price for now.
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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.