Bitcoin (BTC) price has plunged below the $40,000 mark for the first time in 4 months as bears move to test the 200-DMA near $38,500. More importantly, the $45,000 break activated the head-and-shoulders chart formation, which has a measured target of $28,000.
Note
Now, that one was quicky... Insane volatility. Stay on the sidelines.
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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.