Stocks and USD Hit Bitcoin

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.