Short

Bitcoin Clings to $20K

Bitcoin has been wavering in the high 19K's and low 20K's since the end of June. We just have not seen much buying interest in crypto. Strength in the dollar and weakness in stocks seems to suggest we won't be seeing any massive pumps any time soon. If we do, 20.7K and 22.4K are the next targets. If we retrace, we should see support at 18.6K, then 17.6K. The Kovach OBV is steadily rising suggesting a bull divergence. If we do see a breakout, 22.4K is a likely ceiling.

quantguy

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