Bitcoin is hugging lows at our new level at $19.5K. A strong dollar and recession fears seem to be weighing on cryptos. The Kovach OBV is bearish, but appears to be picking up slightly, which could suggest a bear divergence. We could easily make a run for $20.7K if caught a burst of momentum. However, technically BTC does look pretty weak and if $19.5K does not hold, then $18.6K is the next level below to provide support and is an expected floor price for BTC.
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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.