Hi friends hope you are well and welcome to the new update on Bitcoin. On a 4-hr time frame, Bitcoin is still moving in a descending triangle and also found an uptrend line support as well. At the same time, positive news arrived that Bitcoin gets recognition as a mode of payment in Russia by a city court, but the Moscow government is yet to decide on the legal status of Bitcoin. In such a bearish situation, especially when we are moving at key support of $28600, small news can be the reason for a big price reversal from here. For more details, you can watch the video.