FX.co ★ #Bitcoin chart analysis

The BTCUSD pair on the H1 timeframe is trading below the day's opening level 83321.00 and below the daily Pivot level 83958.00. Main indicators point south and the price is below the MA72 trend line, where volume unloading usually takes place. BTCUSD is trading above the monthly Pivot 82012.54 ( previous 74200.44), below the weekly Pivot 85202.86 and below the daily Pivot , which tells us about a strong corrective sentiment for the pair. The decision point at the moment is level 83000.00, from where the price may head lower to the south to level 82229.00 and below, while above it will head north to level 83521.00 and may be higher.