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Bitcoin Holds $20K

Bitcoin has edged lower, but is finding good support around 20K. We gave up 20.7K entirely, but are holding just above 19.5K. A wick tested this level and it held strong. Green triangles on the KRI further confirm the support here. If we are able to pivot, then 20.7K is almost sure to provide prohibitive resistance. If current levels break, then we will likely see support at 18.6K.

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