Hi, friends hope you are well and welcome to the new update on Bitcoin.
Recently Bitcoin has broken down a descending triangle and a $19500 support. Now Bitcoin is trying to break this $19500 level out, if it will be successful then Bitcoin can move to the next resistance, otherwise, it can again drop to the next support at $18730 and $17900 respectively.
On a weekly time frame, RSI is at 25.35, which is the most oversold value in Bitcoin's history.
For detailed analysis, you can watch the video.
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