Bitcoin Price Action Analysis

Hi everyone, welcome back to my blog. I am sharing my regular price update for Bitcoin price action, and notify whenever I observe some remarkable change in On-Chain data of blockchain

🔶 Bitcoin breakout the pattern but you guys need to notice that the breakout candle does not have a volume which is not considered a healthy breakout. Bitcoin needs proper volume to gain bullish momentum.

🔶 RSI is also at the oversold area and if volume comes in the market we will see some good upside movement. The next key resistance is near the $20,700 zone. A close above this resistance zone could take the price near $21,800

🔶 The next major support now sits near the $19,800 level. A close below this support zone could push the price to $18,700