FX.co ★ #Bitcoin chart analysis

#Bitcoin H4 Bitcoin is currently trading down, and the moving average that sits above the price indicates a bearish bias. At the moment, prices are trading almost at the support level 83675 and if they break this level they can continue lower toward the support at 81475. This support level may hold and push prices up. But if they also start to break this support, conclusions about the continuation of the downside should be drawn only after prices have actually closed below the level. In this situation the market could continue falling to the support at 74958. As for the upside, it is only a prospect upon a move above 87365 and, accordingly, only after prices have confirmed above. All the best.