quantguy

Bitcoin To Bottom Out Soon?

Short
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has tested $19K, edging below it and finding support before the next level at $18.6K. We are encountering resistance again, immediately above $19K, and it is unlikely we will get the momentum to seek higher values, but if so, then $19.5K is the next target. If we are somehow able to surpass this level, then $20K is will surely provide resistance. It is likely that $18.6K will hold as a low, but if not, $17.6K should be considered a floor price.

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