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FX.co ★ teagan.orn | #Bitcoin chart analysis

#Bitcoin chart analysis

The #Bitcoin price showed significant growth on the daily chart yesterday thanks to US inflation data, which showed a decline in the indicator. Against this backdrop, the price managed to reach the round resistance level of 65000. Today there was even an attempt to break above it, but sellers stepped in and pushed the price back below this round level. We are waiting for further developments and the start of the US session, during which important economic indicators will again be released. If the upward pressure continues, I expect a breakout towards the local high of 67500 at least, with the potential to reach 70000–72000.

#Bitcoin chart analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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