Bitcoin's flat price performance could produce a new key support level.
) could be busy forming fundamental support in its current tight trading range, the latest research suggests.on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone.debateSo far, however, the increasingly narrow trading range in place since the FTX saga in November remains in control.
Trend Rider eyed the one-week chart to flag $16,800 as the current 100-week point of control — the price level generating the largest volume in the specific period.
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