How Long Can Bitcoin Rally?
Bitcoin has risen sharply off a rally in stocks and a strong selloff in the US dollar. We have blasted through 20.7K and have almost completely crossed the vacuum zone to the next level at 22.4K. However, we are running into resistance confirmed by a series of red triangles on the KRI, and thus the price action is likely to round off some point soon. If we reject 22.4K, we will likely see support from 20.7K. If the rally continues, then 23.9K is the next target.
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