FX.co ★ Bitcoin/BTCUSD forecasts

#Bitcoin H4 So far it hasn’t really managed to hold below the level 83675, but the moving average, as can be seen, is providing resistance and this can have an impact. That means if consolidation occurs now and it holds below this level, then of course that would be a continuation of the southward path. Slightly lower here there is also support at 81475, and below that there is a promising chance for a move to the downside. As long as the price stays above that last level, there is a possibility of a move to the north and the primary resistance ahead is at level 87365. Just above this resistance a new opportunity will open for Bitcoin, namely a new upward wave. Hope everything is well.