FX.co ★ #Bitcoin chart analysis

The price #Bitcoin is forming the second bearish candle in a row on the weekly chart, and once again we saw an attack on the round support level 80000. This level was able to hold again, but we did not get the same significant bounce that occurred last week. In any case, a break to the downside has not happened yet. If the attack on this round level repeats, then with a high probability we will get a break down. In that scenario there is a high likelihood of a significant price drop amid liquidations of long positions. In that case we could quickly sink to the intermediate round level 75000. In such a development it is better not to rush into buying.