Bitcoin lost a key support trendline
Bitcoin lost a key trendline and it is directed on next supports in area 26200
Average are rotating but still positive, I do not expect huge spikes, but better to be careful.
We can turn positive on comments only below 28000 area.
At the moment this distribution has as main target a low below recent 24.581 that could take a couple of days as a couple of weeks.
If S&P500 also will top here, and will do a breakout of 4210-4200 area of SPX index, will be just matter of few hours or days for a new significative low below 24581 area.
Average are rotating but still positive, I do not expect huge spikes, but better to be careful.
We can turn positive on comments only below 28000 area.
At the moment this distribution has as main target a low below recent 24.581 that could take a couple of days as a couple of weeks.
If S&P500 also will top here, and will do a breakout of 4210-4200 area of SPX index, will be just matter of few hours or days for a new significative low below 24581 area.