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

The price #Bitcoin is forming the second consecutive bearish candle on the weekly chart, and once again we saw an attack on the round number support level 80000. This level held again, but we did not get the significant bounce that we had last week. In any case a breakdown to the downside has not occurred yet. If the attack on this round number repeats, then with a high probability we will get a breakdown to the downside. In that scenario there is a high probability of a significant sell-off amid liquidation of long positions. In this case we can quickly fall to the intermediate round number 75000. In such a development of events it is better not to rush into buying.