FX.co ★ #Bitcoin chart analysis

A powerful dump from the peak 82274 broke support at 80656 and continues falling toward the next key zone. The last red candle with a huge body confirms the sellers' complete dominance in the market after the parabolic spike. The volumes on the indicator below show a sharp surge in activity specifically on the downward impulse, signaling panic selling. The current level 79304 looks like a temporary breather before the continuation of the correction of the entire upward movement. Buyers have completely lost control of the situation, and every local bounce is instantly extinguished by new waves of shorts. I expect the base of the impulse at level 77440 to be reached in the near future.