FX.co ★ #Bitcoin chart analysis

The price of #Bitcoin reacted with a downward impulse . on yesterday's US labor market data. As a result, from resistance at 82000 the price plunged to the 79700 level, and at the moment trading is taking place around that value. Further, it's a matter of waiting for developments. For now I'm not going long, I allow for the possibility of a deeper correction toward 75000 and below. Next week the key US inflation data will be published. I think then we'll get a significant move on the chart, and until that moment we risk getting stuck in a sideways range if no important news about the Middle East arrives, for example.