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🔶 Bitcoin was unable to give candle closing above the upper trendline of the pattern. There was a spike above the $20,500 resistance zone but bulls failed to sustain their position above this zone.
🔶 A candle closing above the resistance area of $20,500 could open the door for a decent increase. If BTC fails to clear this area then the price could continue to move down. Immediate support is near $19,600
🔶 FOMC Meetings Report will release today, expecting some volatility and a potential re-test of the $19.6k level. Funding rates leaning slightly positive implying bullish BTC sentiment in the short-term.
Steem witness : @adorable.bliss
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