quantguy

Bitcoin Clings to the $20K's

Short
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has found support at $20.7K, confirmed by multiple green triangles on the KRI, despite an increase in the strength of the US dollar. The Kovach OBV is still bearish however, and if support caves, we will return to the value area between $18.6K and $20.7K. If we are able to pivot then the next target is $23.9K. But we are seeing strong resistance in between $20.1K and $23.9K, at around $21.6K, which must be broken before considering higher levels.

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