Bitcoin has gained off a weaker dollar and strength in the stock market. We are currently contending with $19.5K. As we have mentioned here many times, this level will provice signficant resistance and we are not likely to make it to $20K. But if so, we expect $20K to be a ceiling for now. We are seeing strong resistance at $19.5K right now, confirmed by multiple red triangles on the KRI. If we reject this level, expect support at $19K or $18.6K.
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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.