Bitcoin's daily chart is teasing a head-and-shoulders breakdown. Indeed, the pattern doesn't look like a textbook case. Nevertheless, we can trust that bearish development, as the daily RSI, too, is reporting a head-and-shoulders breakdown.
Support is seen at $8,300 (200-day MA) and $8,000.
My view would turn bullish if prices rise above $9,300.
Support is seen at $8,300 (200-day MA) and $8,000.
My view would turn bullish if prices rise above $9,300.