Bitcoin appears to be restablishing support above this price level.
“Bitcoin is currently consolidating between $18,000 and $19,000,” said Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital. “We are also witnessing an ascending triangle pattern on the chart, and a breakout above $20,000 this month is a possibility,” he added.
“On the downside, there is decent support in the zone between $18,500 and $18,000,” noted DiPasquale.
Price strength & consolidation through 1877 is needed to confirm a sronger move up.