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

The price #Bitcoin on the daily chart formed a significant bearish candle yesterday, which is a bearish engulfing pattern. Trading is taking place near the support zone around 76000-77000. If this support is broken in the near term, we risk seeing the next significant wave of decline toward the round level of 70000. Midterm elections will take place in the US today, and this event may have a significant impact on the markets as a whole. I'm not in a hurry to buy, because I consider a drop down to 65000 possible in the foreseeable future and only there am I ready to open the first purchases for investment purposes.