Looking back through the last few years of BTC we see that there is a bounce off the 1.618 fib @$29881. If this hold we could see a reversal in the trend. In case you are wondering it's a still a long term bull, short term (less than 1 year) bear trend at the moment. A drop below the 1.26 fib would push the long term bull trend flat, leaving us with lots of selling pressure.
This is the fork (no pun intended either way you look at it, i.e. either in blockchain fork, proverbial fork, or real fork) in the road for us. We are neutral at the moment but could change with direction either way.
This is the fork (no pun intended either way you look at it, i.e. either in blockchain fork, proverbial fork, or real fork) in the road for us. We are neutral at the moment but could change with direction either way.