quantguy

Bitcoin Meanders Near $20K

Corto
BITSTAMP:BTCUSD   Bitcoin
Bitcoin is wavering in the neighborhood of $20K. It keeps teetering around this level, having recently given it up in favor of the high $19K's. We do not seem to have much momentum in cryptos at all, and the stock market selloff and recession fears certainly won't help things. Bitcoin is likely to face another dump before buying interest returns. If so, watch $18.6K for support. We should see strong resistance from $20.7K in the event of a pivot.

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