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

#Bitcoin Hello everyone. Bitcoin, after an active price decline, is staying afloat. Sellers so far cannot continue the downward move. Instead we observe movement in a narrow range where volume is building up. If you take into account recent moves in other instruments, one can assume a weakening of the US dollar. With increased market activity, Bitcoin could also resume an upward move. Buyers only need to break resistance at 84350 and hold above that level to be able to continue moving upwards. However, before that I don't rule out a drop below 79000 to collect buyers' stops. Let's see how the situation develops in practice. At the moment we observe a small sideways movement in which volume is building up. Most likely there will be no significant changes before the end of this week, but we will watch the situation and the price reaction to key levels.