FX.co ★ #Bitcoin chart analysis

A significant increase in volatility was seen on the release of US inflation statistics. The price #Bitcoin managed to plunge to the 76200 support, from where aggressive growth and buying began. As a result, it has already reached around the 80000 resistance. All of this happened literally within a couple of hours. Let's see now how the situation will develop further? Next week there will be a Fed meeting, after which significant volatility can also be expected. Also, the US Senate is expected to hold a vote on the crypto bill Clarity Act. Therefore next week could prove decisive for the market's outlook.