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

Since my last forecast not much has changed, I also expect the price to fall to the area of 75,000. Over the past few days we have seen that the price could not hold above the line of the latest resistance around 82,000. We continue to slowly slide lower. Therefore, forecasts do not change and in the next few days, or maybe even weeks, I expect a drop to the price of 75k and even lower with a false breakout of that resistance. After the false breakout I expect another wave of growth.

If we do fall to 75k and the price does not produce a false breakout, then the scenario of further decline of the asset should be considered. It is also worth noting that in recent months Bitcoin has shown fairly large bullish candles, which is a rather important signal that a stop-loss is mandatory in such trading, and the trading outlook can change in a matter of days.