Bitcoin has gained strength off the unexpected rally in stocks, testing $19.5K. As predicted many times here, Bitcoin met swift resistance at this level, and could not continue the rally to $20K. We are seeing a nice pull back here, and are likely to return to $19.0K, with $18.6K a likely lower bound, and $17.6K a floor price for now. If we are somehow able to make an attempt at $20K, this level will surely provide resistance.
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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.