Bitcoin may be finding some support at the 2017 peak of $19,511 that, at the time, was a record high for the largest cryptocurrency. The token has wavered since mid-August, dropping below the closely-watched $20,000 level, but has averted a drop below the 2017 high over the period. Traders are watching technical levels to see if Bitcoin has found a floor after a 57% plunge in 2022.
(Bloomberg) — Bitcoin may be finding some support at the 2017 peak of $19,511 that, at the time, was a record high for the largest cryptocurrency. The token has wavered since mid-August, dropping below the closely-watched $20,000 level, but has averted a drop below the 2017 high over the period. Traders are watching technical levels to see if Bitcoin has found a floor after a 57% plunge in 2022.
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