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

Trend Rider eyed the one-week chart to flag $16,800 as the current 100-week point of control (PoC) — the price level generating the largest volume in the specific period.

According to monitoring resource Material Indicators, the strongest nearby support and resistance levels were at $16,000 and $17,000, respectively.

A chart of the Binance order book additionally showed increasing interest from the largest bracket of Bitcoin whales between the two price points.

(By WILLIAM SUBERG)