Bitcoin is reaching maximum compression as it moves closer to the crux of its triangle formation.
- $19,100 is support. If this breaks, this can trigger a more significant down move to $17.5k, $15k, or $13.7k.
- $20,800 is resistance. If this breaks, expect the 0.382 ($22,900) and 0.618 ($26,200) Fibonacci retracements to act as resistance.