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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.