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

#Bitcoin Yesterday, Bitcoin quotes on the daily chart bounced off the level of 76,000, only slightly piercing it, which led to the formation of a bullish pin bar with a long upper shadow. Whether this pin bar will be a reversal one is unclear at the moment, although there are prerequisites for this in the form of a completed impulsive structure of the final wave "c" of the ascending zigzag "abc", as well as the inability to overcome the MA100 moving average line. The formation of a second upper fractal, this time at the level of 76,038, will contribute to a decrease in the asset quotes, as well as their exit below the existing local channel, where the impulsive structure of the wave "c" of the mentioned zigzag was formed. In general, I am waiting for confirmation of the development of the descending trend of Bitcoin as the final wave "c" of the older southern zigzag "abc". The scenario of the asset's development is more or less clear. I hope it will meet my expectations.