Bitcoin Tests Highs of the Range

Bitcoin saw a nice pump from a softer dollar and strength in stocks. We were able to break out of the $20K handle, and is currently testing the next level above at $22.4K. This is the very top of the range, and a well established level of resistance. A red triangle on the KRI provides confirmation that we are running into resistance here. If we can break through, then the next targets are $23.9K then $25.1K. If we fail to break out, we could test the base of the $20K handle again or lows at $18.6K.