First Mover Asia: Bitcoin Claws Back Above $20K; Singapore Bank Head’s Speech Reflects Growing Crypto Hostility

Quadency’s Singh called $19,800 “a key support resistance level. “If it were to be breached, we could be seeing $14,000,” he said, but noted optimistically “that’s probably unlikely as we are also seeing strong fundamentals from the miner side. Miner outflows are on two-year lows right now. And the hash rate continues to climb up.”