Bitcoin has gained some steam but appears to have topped out in the low $20K's. We are seeing red triangles build confirming resistance. We could not even hit our next target at $20.7K, which is a sign of weakness for BTC. This remains a target to the upside. If we retrace, which is highly likely, we should see support at $20K, then $19.5K, with a floor of $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.