Bitcoin has equilibrated around the base of the $19K handle. This follows a great deal of volatility introduced by CPI last Thursday. We are seeing quite a few green triangles on the KRI at $19K indicating strong support here. But if we fall further, then $18.6K will provide support with $17.6K a floor price for now. A rally will encounter resistance at $19.5K, then $20K. The latter will provide significant resistance which we anticipate will be prohibitive at this time.
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