The last 48 hours have been quite interesting with bitcoin and crypto on a whole.
After people were quickly writing off the 20K level with bitcoin price touching 17,600 yesterday, suddenly price is sitting above it with a green candle today.
The price chart is oversold on the daily so there was bound to be some green at some point....the question is will we see any follow through on this bounce, even if it is just a relief rally?
20K is not lost and forgotten for now...
The daily chart above isn't pretty, but as I mentioned above. Price is oversold which is pretty evident by the Stochastic and RSI indicators.
Ideally bitcoin puts in a stand and holds this level but we are way early to assume that is happening.