Bitcoin is in triangle formation and if it doesn't manage to break the level of $10.420, this would lead to head and shoulders trend changing pattern, which is likely as SPX is seeing a major drop.
If there is a full candle close above $10.420, long target is $10.580.
If the uptrend line is broken and Bitcoin falls below $10.250, making a new lower low I expect the price to drop to $11.050 area.
Good luck!
Tibor
If there is a full candle close above $10.420, long target is $10.580.
If the uptrend line is broken and Bitcoin falls below $10.250, making a new lower low I expect the price to drop to $11.050 area.
Good luck!
Tibor
