FX.co ★ #Bitcoin chart analysis

#Bitcoin H4 Bitcoin is currently trading downward, and the moving average being above the prices indicates a bias toward the downside. At the moment prices are trading almost at the support level 83675 and, if they break this level, will be able to continue their southward path to the support at 81475. This support level may hold and push prices upward. However, if they begin to break this support as well, conclusions about a continuation of the southward move should only be drawn after prices have actually consolidated below the level. In that case the price could continue falling toward the support at 74958. As for the upside, it is only a prospect if price breaks above 87365, and, accordingly, only after prices have consolidated above. All the best to everyone.