quantguy

Bitcoin Finds Support

BITSTAMP:BTCUSD   Bitcoin
Bitcoin caught a nice pivot from lows around $18.6K. This has proved to be a consistent lower bound with $17.6K an absolute floor if a selling wick were to come through. We should have resistance from current levels at or near $20K. If we are able to break through $20.7K then $22.4K is the next target, but we don't anticipate much momentum before the FOMC tomorrow.

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