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

A powerful sell-off from the peak 82274 broke the support 80656 and continues falling toward the next key zone. The last red candle with a huge body confirms the complete dominance of sellers in the market after the parabolic rise. Volumes on the indicator below show a sharp spike in activity precisely on the downward impulse, which signals panic selling. The current level 79304 looks like a temporary breather before the continuation of the correction of the entire upward move. Buyers have completely lost control of the situation, and every local bounce is instantly suppressed by new waves of shorts. I expect the impulse base at level 77440 to be reached soon.