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

Without any major issues, the bears pushed the price of #Bitcoin below the key level of 70000 on the daily chart. Yesterday, news came out that Sailor's company sold 32 bitcoins. It was a small amount, but it scared the markets and triggered active selling. As a result, the diagonal support around 72500 was first broken, and today we broke below 70000. On the monthly chart, we are currently seeing a bearish pin bar formation. All of this threatens further price decline for bitcoin towards the next significant support at 65000. In the long term, buying remains a priority, just keep in mind that it's better to buy without leverage in the spot market, in other words, to invest.