quantguy

Bitcoin Faces Resistance Around $20K

Short
BITSTAMP:BTCUSD   Bitcoin
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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