Bitcoin $BTC and Cryptocurrencies Market Update

Hi everyone. Welcome back to my blog where I discuss and share about Bitcoin, it's On-chain data analytics and price action analysis. Please support with your upvotes, resteems and comment replies.

🔶 As I expected Bitcoin weekly candle again closed in the red. Bitcoin price started another decline below the $19,500 support zone and the price even traded below the $19,000

🔶 A low was formed near $18,700. The next key resistance is near the $19,800 zone. A clear move above this zone could push the price further higher.

🔶 The number of Bitcoin addresses currently at loss has reached a new all time high of 18,809,386. Also inflows are increasing which is not a good sign. So be careful and trade safe.