In an unexpected turn of events, Bitcoin suffered a breach below the $20,000 consolidation zone after a three-day slump from the $22,000 area. The 4-hour Stochastic indicator now scrapes below the critical 20.00 base, highlighting the absence of any opposing bullish force.
That said, a bearish resumption to the $19,000 level, and possibly $18,000, return on the cards. In the meantime, any rebound attempt from this level should be repelled by the 100 EMA at the $20,700 mark.
Meanwhile, my resistance levels are at $20,700, $21,000, and $22,000, and my key support levels are at $19,000, $18,000, and $17,000.
Total Market Capitalization: $886.2 billion
Bitcoin Market Capitalization: $380.3 billion
Bitcoin Dominance: 42.9%
Market Rank: #1
That said, a bearish resumption to the $19,000 level, and possibly $18,000, return on the cards. In the meantime, any rebound attempt from this level should be repelled by the 100 EMA at the $20,700 mark.
Meanwhile, my resistance levels are at $20,700, $21,000, and $22,000, and my key support levels are at $19,000, $18,000, and $17,000.
Total Market Capitalization: $886.2 billion
Bitcoin Market Capitalization: $380.3 billion
Bitcoin Dominance: 42.9%
Market Rank: #1