Hi friends hope you are well, and welcome to the new update on Bitcoin.

Recently on a 4-hr time frame, Bitcoin had broken out a descending triangle and on an hourly time frame, an ascending triangle was also broken out. On a weekly time frame, Bitcoin is still moving above the support of $28600 and also at the support of a falling wedge pattern. Now BTC has been rejected by $31700, which is a short-term resistance and dropped at the short-term support of $29300. But we need to keep an eye on a long-term key resistance of $33K, then there can be some price stability in Bitcoin. For more details, you can watch the video.

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