Bitcoin Gives Up the $20K's

Sep 16, 2022

Bitcoin has shown sustained weakeness, edging down, giving up the 20K's. We are finding support at the next level below at 19.5K. Several green triangles on the KRI are suggesting support here. If 19.5K does not hold then we will likely see further support at 18.6K, a longstanding level that has held strong through the toughest of markets. If we are somehow able to rally, we must first solidify 20K before establishing higher levels.