Bitcoin has retraced further from $23.9K. The momentum we saw after the FOMC from last week has faded for now. We are just above our level at $22.4K. If we can pivot, we should see one soon, with $22.4K to provide support. If so, we could make another run for $23.9K. If not, we could collapse through the vacuum zone back to $20.7K. If that level does not hold, we could return to the previous value area between $18.6K and $20.7K.
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