FX.co ★ #Bitcoin chart analysis

#Bitcoin H4 Bitcoin is currently, one could say, trading in a sideways range and the boundaries of this range are the support level 80171 and the resistance 83376. The moving average, in this case, cannot indicate anything specific for the outlook. Therefore it is necessary now to wait for Bitcoin quotes to move outside this sideways channel and only then make conclusions about continuation of the trend. The continuation will be in the direction in which prices break out and, naturally, are able to hold beyond the bounds of this channel. Without consolidation beyond its limits there is a high probability of a false breakout and prices moving in the opposite direction. Good luck to everyone.