'Insane' Bitcoin price consolidation means $48K is the new BTC support level

Cointelegraph

Published Feb 18, 2021 07:00AM ET

Updated Feb 18, 2021 08:40AM ET

Bitcoin (BTC) has seen "unreal" price consolidation since the start of February 2021 — and fundamental support is now at $48,000.

According to on-chain monitoring resource Glassnode, the second month of the year has been a formative period for Bitcoin like no other.

BTC/USD volume chart with support levels marked. Source: Glassnode/ Twitter

Continue Reading on Coin Telegraph