Bitcoin Meanders Near $20K

1 Eyl 2022

Bitcoin is wavering in the neighborhood of 20K. It keeps teetering around this level, having recently given it up in favor of the high 19K's. We do not seem to have much momentum in cryptos at all, and the stock market selloff and recession fears certainly won't help things. Bitcoin is likely to face another dump before buying interest returns. If so, watch 18.6K for support. We should see strong resistance from 20.7K in the event of a pivot.