SpaceX: IPO Tomorrow Tests Bitcoin Breakout

SpaceX IPO scheduled for tomorrow carries direct implications for BTC price action, echoing historical Bitcoin correlation with major tech IPOs over the past year.

Traders note that Bitcoin must break key levels to avoid stalling, which could send price to the low of this correction by weekend while flipping back inside range would green-light altcoin outperformance.

Price sits at $63535.48 inside Bollinger Bands with upper resistance at $64103.21, testing the EMA50 level at $63753.8 that now acts as immediate resistance after the EMA200 at $70792.0 capped the prior advance; RSI at 55.97 keeps momentum neutral while the MACD golden cross supports a potential continuation only on a decisive close above the band, otherwise a swift retracement toward $60816.81 support remains the base case before any sustained reversal.