Bitcoin update

Hello everyone, I am back again with my regular blog on Bitcoin price update. I try to keep my update post short, crisp and to the point. Please support with upvotes and comment replies.

🔶 Continuously 8 weekly candlesticks closed in red for the first time in Bitcoin history. The weekly candle closed above $30k which is a good sign that bulls are trying to hold the Bitcoin price above $30k and they are not letting bears push the price down.

🔶 $31,400 is a very important resistance and BTC tested this resistance level multiple times. If Bitcoin breaks this level it will give more strength to the bulls.

🔶 $29,000 is working as an important support for Bitcoin. If BTC break below this level then the price will start declining towards its next support which is near the $28,700 and again we will see BTC price moving in a range bound motion.