Tech Analyst: This Will Be The Next Level of Support for BTC
A trader under the nickname crypto bullet has said that the price of BTC will reverse from the level of $18,600. He has noted:
“Bitcoin is now in the middle of my support zone corresponding to the all-time high of 2017.”
According to him, the weekly RSI indicator is at a historical low, and the fear of market participants “reached a new historical high.” He has added:
“If $18,600 holds, I expect a reversal today.”
Otherwise, crypto bullet has suggested the $12,000 level will become relevant.