FX.co ★ #Bitcoin chart analysis

The price reacted with a downward impulse #Bitcoin . to yesterday's US labor market statistics. As a result, from the 82000 resistance the price dropped to the 79700 level, and at the moment trading is taking place around that value. Going forward, we have to wait for developments. For now I'm not entering long positions; I allow the possibility of a deeper correction toward 75000 and below. Next week the key US inflation data will be published. I think we'll then see a significant move on the chart, and until that moment we risk getting stuck in a sideways market unless any important news from the Middle East, for example, comes in.