Bitcoin shot up after the stock market rallied yesterday, and the US dollar fell on a retracement. We were able to jump past $19.5K, which was a significant barrier earlier. After this, we made a run for $20.7K, where we are beginning to run into resistance. If we are able to continue the rally, we should enter the vacuum zone between this level and $22.4K. If we reject $22.4K we should find support at $19.5K then $18.6K.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.