Bitcoin Struggles to Maintain the $20K's

Bitcoin is encroaching upon the 20K's, after dipping to the low 17K's this weekend. We are seeing incredible resistance here confirmed by several red triangles on the KRI. We have made it to 21K albeit barely, but a burst of momentum is necessary to solidify the 20K's. If this comes through, watch 22.4K and 23.9K as the next targets. If we do not see momentum come through, there is a strong chance of a rejection, which could take us back to the 19K's or lower. Expect 17K to hold as a floor price for now.