If we do break down through the , I expect we will go down to the 5000 region. As such a round number, less than people have been able to buy bitcoin for a good part of a year and the exact of the first December drop, it’s hard to see dropping past that point. Hopefully, we would instead see the start of a sharp trend reversal propelled by the massive being met
IMO we are seeing a large descending , not a . We are currently on the 0.146 weekly Fib retracement and seen some significant price action recently at these levels.