Bitcoin Tests Higher Levels

Bitcoin is tending toward the upper bound of the range at 20.4K or so at the time of this writing. We are just below a strong level of resistance at 20.7K. If recent history serves as a good indicator, we should see strong resistance here, and are likely to reject this level, and test the lower bound of the range again at 20K or 19K. If we can muster a breakout, then 22.4K is a likely target.