Bitcoin Finds Support

Bitcoin caught a nice pivot from lows around 18.6K. This has proved to be a consistent lower bound with 17.6K an absolute floor if a selling wick were to come through. We should have resistance from current levels at or near 20K. If we are able to break through 20.7K then 22.4K is the next target, but we don't anticipate much momentum before the FOMC tomorrow.
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