Bitcoin is wavering around our upper bound, and target of 20.7K. We are really struggling to break through this level, with multiple attempts and many red triangles on the KRI confirming the resistance. However, with strength in stocks fueling a risk-on rally, we may be able to see a break out. We do appear to be forming a bull consolidation pattern, possibly a wedge or a flag. If we are able to break out then 22.4K is the next target. If we reject current levels, expect support at 19.5K or 19.0K.
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