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Bitcoin Faces Resistance Around $20K

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Bitcoin has gained some steam but appears to have topped out in the low 20K's. We are seeing red triangles build confirming resistance. We could not even hit our next target at 20.7K, which is a sign of weakness for BTC. This remains a target to the upside. If we retrace, which is highly likely, we should see support at 20K, then 19.5K, with a floor of 18.6K.
quantguy
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altcoinsBitcoin (Cryptocurrency)blockchainChart PatternscryptohodlTechnical IndicatorskovachquantguyTrend Analysis
quantguy
Join my discord at discord.io/quantguy
Also on:

Related publications

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.