Bitcoin could be busy forming fundamental support in its current tight trading range, the latest research suggests.
In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone.
Point of control establishing below $17,000?
Bitcoin’s lack of volatility has led commentators to debate when a breakout could occur — and in what direction it could go.
So far, however, the increasingly narrow trading range in place since the FTX saga in November remains in control.