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? 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.

Source: Crypto Daily