Can Bitcoin Hold $19K?

17 באוק׳ 2022

Bitcoin has equilibrated around the base of the 19K handle. This follows a great deal of volatility introduced by CPI last Thursday. We are seeing quite a few green triangles on the KRI at 19K indicating strong support here. But if we fall further, then 18.6K will provide support with 17.6K a floor price for now. A rally will encounter resistance at 19.5K, then 20K. The latter will provide significant resistance which we anticipate will be prohibitive at this time.