Bitcoin

<ul><li>CEO of Eight Global Michael states that BTC is consolidating at its previous support level.</li><li>The Bollinger bands are contracting. Hence there could be less volatility.</li><li>The 200-day MA is acting as the immediate resistance if BTC could break it.</li></ul>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. <a href="https://coinedition.com/btc-might-reclaim-its-previous-support-16900-again-states-michael/" rel="noopener noreferrer nofollow">See original on CoinEdition</a>

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

Coin Edition

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