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BTC Might Reclaim Its Previous Support $16,900 Again, States Michael

Published 2022-12-08, 10:22 a/m
© Reuters BTC Might Reclaim Its Previous Support $16,900 Again, States Michael

  • CEO of Eight Global Michael states that BTC is consolidating at its previous support level.
  • The Bollinger bands are contracting. Hence there could be less volatility.
  • The 200-day MA is acting as the immediate resistance if BTC could break it.

Chief Executive Officer and Co-Founder of Eight Global, Michael van de Poppe tweeted that BTC was consolidating its position while fluctuating below the $16.9K support level.

Moreover, Michael stated that everyone expected BTC to drop to $16.5K for a long position; however, Michael believes that BTC will go bullish and $16.9K will become its support once again.

The post BTC Might Reclaim Its Previous Support $16,900 Again, States Michael appeared first on Coin Edition.

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