FX.co ★ #Bitcoin chart analysis

The price of #Bitcoin on the daily chart formed a significant bearish candle yesterday, which is a bearish engulfing pattern. Trading is taking place near a support zone in the area of 76000-77000. If this support is broken in the near term, we risk seeing the next significant wave of decline toward the round level 70000. Today the United States will hold midterm elections, and this event could have a significant impact on markets overall. I'm not rushing into buying, because I expect a decline down to 65000 in the foreseeable future and only there am I ready to enter my initial buy positions for investment purposes.