FX.co ★ #Bitcoin chart analysis

The pair BTCUSD on the Н1 timeframe is trading below the day's opening level of 84645.00 and below the daily Pivot level of 85796.00. Key indicators show a bearish trend, with the price below the 72-period moving average trend line, where volume unloading usually occurs. BTCUSD is trading below the monthly Pivot of 88737.65 (previous 194312.47), below the weekly Pivot of 89431.00, and below the daily Pivot level, indicating a bearish sentiment for the pair. Currently, the fork level is at 82750.00, from where the price may move south towards the level of 81126.00, or it may move north towards the level of 84645.00 and potentially higher.