Can Bitcoin Test $20K?

18 באוק׳ 2022

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.