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

Hello traders, Trump's late-night performance once again led to more active behavior from Bitcoin sellers. Currently, trading is taking place around 66500. The nearest significant support is located around 65000. If this support is breached, we risk triggering a cascade of liquidations and further decline towards the key level of 60000. Trading has been in a range for over two months, indicating a prolonged accumulation phase on the chart. Therefore, I anticipate a swift breakout from the current sideways movement. This suggests that we can expect a significant price movement. If we drop down, potential targets would be around the 50000 levels. Buying from there could be very interesting for investment purposes.