Tech Analyst: This Will Be The Next Level of Support for BTC

Reading Time: < 1 minute

A trader under the nickname crypto bullet has said that the price of BTC will reverse from the level of $18,600. He has noted:

“Bitcoin is now in the middle of my support zone corresponding to the all-time high of 2017.”

According to him, the weekly RSI indicator is at a historical low, and the fear of market participants “reached a new historical high.” He has added:

“If $18,600 holds, I expect a reversal today.”

Otherwise, crypto bullet has suggested the $12,000 level will become relevant.