FX.co ★ #Bitcoin chart analysis

Price #Bitcoin today fell close to the support level 82000, and from there we got a decent bounce. At the moment trading is taking place around 83000. We are waiting for the start of the American session and further developments. The overall outlook remains uncertain, as the price continues to trade within a range for more than two trading weeks. The upper boundary of the range runs around 87000. If we see a break of the 82000 support, then I expect to see the price drop further toward 80000. I do not plan to rush into buying, as I allow that we may see a deep correction down to 75000 and below.