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

The price of #Bitcoin reacted with a downward impulse to yesterday's U.S. labor market statistics. As a result, from the resistance at 82000 the price plunged to the 79700 level, and currently trading is taking place around that value. Next, we just wait to see how events unfold. I'm not jumping into a buy yet; I allow for the possibility of a deeper correction toward 75000 or lower. Next week the key U.S. inflation data will be published. I think we'll then get a significant move on the chart, and until then we're at risk of getting stuck in a sideways range, unless some important news from the Middle East arrives, for example.