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

The price #Bitcoin . reacted with a downward impulse to yesterday's U.S. labor market statistics. In the end, from the resistance at 82000 the price dropped to the 79700 level, and at the moment trading is taking place around that value. Next, we have to wait for developments. For now I'm not buying, I allow for the possibility of a deeper correction toward 75000 and below. Next week the crucial U.S. inflation data will be released. I think then we'll get a significant move on the chart, and until that moment we risk getting stuck in a sideways range, unless any important news about the Middle East comes in, for example.