1.20 was support. If we get back to it in the next week, it will be support again. Current support is 1.12. Psychological support is 1.10, with 1.08 the spike and bounce.
Too much momo to break $1 without 1) a lot of time for sliding to test each next support and 2) a fundamental change that would accelerate the decline over time. Otherwise, breaching $1 is as much wishful thinking (maybe more so in the short term) as reaching $2.
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