FX.co ★ #Bitcoin chart analysis

The price #Bitcoin on the daily chart was able yesterday to show a small bullish candle after the 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 this support will most likely result in a breakout and further decline to new lows. Next week the U.S. midterm elections will take place, and important labor market statistics will also be published. I anticipate significant moves amid this backdrop. The priority remains for a continued decline toward the round level 70000.