FX.co ★ #Bitcoin chart analysis

#Bitcoin I don't know how much to believe in the possibility of Bitcoin price continuing to rise, but we are approaching the minimum level of 80,590.08. The descending trend line from the absolute maximum of 126,216.89 has been overcome. Also, the horizontal level of 74,000+- has been surpassed. If we try to move higher, very strong reasons for demand for Bitcoin are already needed, and so far there are no such reasons or I don't know them yet. I assume that summer will pass in some accumulation variant, and growth may be possible already at the beginning of autumn as usual.

If nothing like that happens, then the price may decrease after a correction from the minimum of 60,001.08, and the decline could be quite deep. According to my assumptions, it could reach a minimum of 49,561. In general, there doesn't seem to be anything particularly bright for Bitcoin in the next few years.