Bitcoin saw a brief divergence with risk-on assets, as we commented yesterday, which proved to be a fluke. We mentioned that we would see resistance around $20K, which is exactly what happened. Prices were quickly batted down to $18.6K, which we also anticipated would be the case. From here, it is critical that levels hold, or we will establish lows again of $17.6K. Support is holding, but is looking quite weak. If we somehow are able to pivot again, then $20K is sure to hold as a ceiling.
Join my discord at discord.io/quantguy
