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

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