quantguy

Bitcoin Meanders Near $20K

Short
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.

Join my discord at discord.io/quantguy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.