Bitcoin $BTC price action analysis

Hi everyone, I am back again with today's blog covering Bitcoin price action. I hope my blog posts on Bitcoin price analysis have helped keeping you safe from this crash in cryptocurrencies prices as I had been constantly warning you about these possible price dumps beforehand in my posts. All I request from you is upvotes and resteems to help my blog grow, and to keep me motivated to keep updating you with BTC analysis regularly.

🔶 Bitcoin consolidating between the range of $28,600 to $31,400. Volume is still low in the market and Bitcoin needs volume to break this range bound.

🔶 MACD shows a bullish crossover and the histogram is also turning green which is a good indication. We may see some positive movement in Bitcoin price soon.

🔶 Tomorrow is the weekly candle closing and BTC needs to close the weekly candle above $31,000. If it does not close above this price point it will be the first time in the history of Bitcoin to close 8 consecutive weekly candles in red.