The technical analyst called the next level of support for the price of bitcoin

The technical analyst called the next level of support for the price of bitcoin

The tech analyst named the following support level for the price of bitcoin

A trader under the nickname crypto bullet allowed the price of the first cryptocurrency to reverse from the level of $18,600.

“But since everyone is hoping for $12,000, we probably won't get it. And if everyone thinks bitcoin won't bounce over the weekend, it most likely will. Bitcoin loves maximum pain scenarios.”

At the time of writing, Bitcoin is trading around $18,860, Ethereum is near $980 (according to CoinGecko).

Earlier today, the price of the first cryptocurrency for the first time in history, it failed the peak of the previous market cycle – the level of $20,000.

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