Bitcoin $20,000 Resistance The Downtrend Continues
It seems like Bitcoin wants to get back above $20,000 but it is starting to face resistance getting back above $20,000. We've been ranging from $18,200 - $20,300 for over a month now. Due to the stochastic RSI wave peaking and being at overbought levels on the daily I believe short term Bitcoin will be going back down to the low $19,000 levels within the next week or two. We've formed our daily wave and now it's starting to crest out. I put in a short above 20k looking for Bitcoin to hit around $19,500 level to close the trade. Much peace, love, health, and wealth!
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