FX.co ★ #Bitcoin chart analysis

The price of #Bitcoin reacted with a downward impulse to yesterday's US labor market statistics. As a result, from the resistance 82000 the price fell to the 79700 mark, and at the moment trading is taking place around that level. Next, we have to wait for developments. I'm not entering buys yet; I consider a deeper correction toward 75000 and below possible. Next week the most important US inflation statistics will be published. I think then we'll get a significant move on the chart, and until then we risk getting stuck in a sideways range unless any important news comes in, for example from the Middle East.