Here’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To

Over the past few days and weeks, Bitcoin’s price action has done little to provide traders with insight into where the entire market will trend next. At the time of writing, Bitcoin is trading up just under 2% at its current price of $18,100, which marks a notable rise from its recent lows of $16,400 set at the bottom of the recent market-wide selloff.

One trader explained in a recent tweet that Bitcoin could be on the cusp of seeing a move up towards $18,400 before it loses its momentum and sees a rejection. This level will likely be tested in the coming few days, with Bitcoin’s reaction to this level potentially providing investors with serious insights into its outlook.

Timeline of Bitcoin