A strong US dollar and slumping stock market have impacted Bitcoin, which sold off from the $20K's, giving up that handle and dipping into the $19K's again. We are seeing some meager support confirmed by green triangles on the KRI, as the Kovach OBV slumps with the selloff. We anticipate the range to hold between $18.6K and $20.7K, with $17.6K a likely floor. Watch for the price to continue to drift to $18.6K, and play the range. A mean reversion strategy off of this range is likely the most profitable right now.
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