FX.co ★ #Bitcoin chart analysis

The price #Bitcoin on the daily chart managed yesterday to produce a small bullish candle after that wave of decline that occurred in the second half of the trading week. However, I consider the further outlook bearish, since the bounce off the 76000 support was insignificant and the next attack on that support will most likely end in a breakout and further decline to new lows. Next week the US midterm elections will take place, and important labor market statistics will also be published. I expect significant moves against this backdrop. The priority remains for continued decline toward the round level of 70000.