Bitcoin on the Brink After Market Bloodbath: Collapse Continues or Rally Ahead?

A dreadful day for the S&P 500 (down 4.36%) and the Nasdaq (down 6.36%) impacted on the Bitcoin price and forced it all the way down to the very brink of its own potential collapse. Currently sitting just above last ditch horizontal support at $75,000, is the $BTC price about to go over the edge and down below $70K, or is a saving rally about to take place? S&P Futures predicts stock market bounce? Source: TradingView A good chart to go to in order to have an idea how the U.S. stock market might open on Friday is the S&P 500 E-mini Futures. In this chart we can see the towering red candle of Thursday’s stock market collapse which fell through the support trendline like a stone.

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