BITCOIN has dropped to the midterm support at 0.618 fibo from november lows, this time due to Korea news. This zone, around 11.100-11.200 usd, is a key area where price should stabilize and now it may start a sideways move between these levels and the recently lost uptrendline. This could be good for most altcoins, which have stopped their drops in the 0.382 or 0.5 fibos from the start of the rally in december.
Recommendation: Be careful with mentioned levels, hold alts or buy them with stops near to fibo zones.
Recommendation: Be careful with mentioned levels, hold alts or buy them with stops near to fibo zones.