Our favorite little wack-a-doodle spent the week out on the ledge, unable to decide whether to splatter the sidewalk or leap up into the old wazoo of impatient bears. Any forthcoming decision could be moot, since I’ve got an outstanding rally target at 116,807 that could pull Bitcoin out of a funk any time things start looking ugly. Even so, I’ve reversed the polarity of my recent outlook with a chart that favors a corrective slide to at least 91,119, or 87,293 if any lower. This is mildly speculative, since BTCUSD never even tested the midpoint Hidden Pivot support at 94,946, much less penetrate it. If penetration happens decisively over the weekend or on Monday, consider the corrective scenario a done deal. Regardless, you could attempt to bottom-fish at the red line, provided you’ve got the ‘camouflage’ chops to cut the entry risk down to small change.
BTCUSD – Bitcoin (Last:)
