MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing By Cointelegraph

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© Reuters.

(BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests.

In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone.

annotated chart. Source: Trend Rider/ Twitter
BTC/USD order book data (Binance). Source: Material Indicators/ Twitter