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Bitcoin Rips, Meets Resistance

Oleh quantguy
Bitcoin saw a nice burst of momentum, and has blasted through resistance at 20.7K, testing the next level at 22.4K. We are currently seeing a red triangle on the KRI confirming resistance there, and have retraced a bit. It is unlikely BTC can muster the strength to press higher but if it does, the next target is 23.9K. If we retrace from here, 20.7K should provide support, but if not, there is a vacuum zone to 18.6K.
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