FX.co ★ #Bitcoin chart analysis

The price of #Bitcoin . reacted with a downward impulse to yesterday's U.S. labor market statistics. As a result, from the resistance at 82000 the price fell to the 79700 mark, and at the moment trading is taking place around that level. Going forward, it's a matter of waiting for developments. For now I'm not entering long positions, I allow for the possibility of a deeper correction toward 75000 and below. Next week, key U.S. inflation statistics will be published. I think we'll then get a significant move on the chart, and until that moment we risk getting stuck in a range-bound market, if no important news comes in regarding the Middle East, for example.