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Bitcoin Struggles Amid Pressures

Bitcoin is hugging lows at our new level at 19.5K. A strong dollar and recession fears seem to be weighing on cryptos. The Kovach OBV is bearish, but appears to be picking up slightly, which could suggest a bear divergence. We could easily make a run for 20.7K if caught a burst of momentum. However, technically BTC does look pretty weak and if 19.5K does not hold, then 18.6K is the next level below to provide support and is an expected floor price for BTC.

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Bitcoin Still Holding the $20K's

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