FX.co ★ #Bitcoin chart analysis

A significant increase in volatility occurred on the release of US inflation statistics. The price #Bitcoin managed to plunge to the 76200 support, from which aggressive growth and buying began. As a result, it has already reached around the 80000 resistance. All of this happened literally in a couple of hours. Now let's see how the situation will develop further? Next week there will be a Fed meeting, after which one can also expect significant volatility. Also, the US Senate is expected to vote on the crypto bill Clarity Act. Therefore next week could prove decisive for the market's outlook.