Bitcoin Gives Up the $20K's

Bitcoin has shown sustained weakeness, edging down, giving up the $20K's. We are finding support at the next level below at $19.5K. Several green triangles on the KRI are suggesting support here. If $19.5K does not hold then we will likely see further support at $18.6K, a longstanding level that has held strong through the toughest of markets. If we are somehow able to rally, we must first solidify $20K before establishing higher levels.