- Bitcoin price is prepared to break out of its triangle formation after establishing new support at the $16,800 level.
- The cryptocurrency has attracted large wallet investors to its network with a new 100-week point of control below the $17,000 level.
- Experts believe that the $16,800 level is the new potential bottom for the asset; this is where the most volume has been traded in the last 100 weeks.
Bitcoin, the most significant asset by market capitalization,…
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