$Spell may be rangebound between $0.14 and $0.23. There may be some short term opportunities to accumulate over the coming days with an upside target of $0.236 while placing a stop at $0.138.
S&P bullish divergence and continued bearishness in the market may lead to some upside on a short-term basis. If the S&P 500 continues momentum into the close, we could be on the path to reclaim $472. Would expect to see continues volatility between $470 & $463 making higher lows, shaking out some week hands before the potential breakout. If momentum breaks down...
The macro environment should help BTC's price continue to ramp. With total supply held by short term holders at an all time low and illiquid supply at an all time high, if yields continue to rise BTC could be at the start of the next leg to ATH's. BTC & US10Y also seem to be lining up perfectly.
