there is a strong support area at $20000 for bitcoin and a resistant area in between $20800 to $20900. bitcoin has already passed the strong resistant level so the resistant level can become a support level but we still have to wait for a bullish or bearish pattern.
it can either make a double bottom and go up which it can be bullish
or it can break the support...
The candles broke the resistant line with marabozu candle and it also has the confirmation candle. PRICE IS TOUCHING THE SUPPORT LINE. IF THE PRICE GOES UNDER THE SUPPORT LINE, IT WILL BE A BIG BREAKOUT. IF NOT, THEN IT WILL BE A HUGE BULLISH PROCESS.
This is not a signal for buy or sell but if the candles break out the support line it can be bearish
