FX.co ★ #Bitcoin chart analysis

The price #Bitcoin . reacted with a downward impulse to yesterday's US labor market statistics. As a result, from the resistance at 82000 the price plunged to the 79700 level, and at the moment trading is taking place around that level. Going forward, we wait to see how events unfold. I'm not going long yet; I allow for the possibility of a deeper correction toward 75000 and below. The crucial US inflation data will be published next week. I think then we'll get a significant move on the chart, and until then we risk getting stuck in a sideways range if no important news arrives about the Middle East, for example.