Bitcoin’s $17k Price Floor

At the time of writing, bitcoin is holding strong around $18k. Its 24-hour price range was $17.3k-$18.1k. Many investors are starting to play around with bearish scenarios as more and more hedge against a potential pullback. Bitcoin is building a strong price floor at $17k.

According to analysis from Edward Morra, Coinbase and Bitfinex exchange now have major buy orders above $17,200. The building of a buy wall is…