Market Update from PAYBUYMAX

Bitcoin Still holding it support level of 20k$ strongly which was the all-time high of bitcoin as of December 2017.

It’s been consolidating for the past four weeks resisting the price of $22,646 and holding support of $19,782 but showing some bullish signs if bitcoin breaks the price $22,646 which is the high price of last two weeks to $28,000.

The closing candlestick pattern for last week was a doji candlestick which indicates an indecision in the market between the buyer and sellers and the Relative strength indicator showing oversold at 29% level.