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

Yesterday on the daily chart #Bitcoin we did get a spike below the 75000 level, but no breakout occurred. Bulls managed to hold the price within the current support zone, however prospects for growth remain highly questionable and my priority remains a continuation of the decline. If they start getting squeezed toward 75000, then with a high probability we will see a downside breakout. In that case we risk getting the next wave of declines already toward 70000. I'm not planning to rush into buying the instrument, technically there are all the prerequisites for continued updating of lows. At the same time I only consider purchases for investment purposes.