Bitcoin is retracing after an epic run up out of a bear market selloff. It is important to remember that these bull market selloffs are normal to Bitcoins historic trading patterns. 2017 was an epic year for Bitcoin exposure. Many on the sideliners that had listened to early participants of the 2013-2017 bull market when Bitcoin caught them flat footed in the 3rd and 4th quarters of 2017. Many fomo'd in during that time but many continued on the sidelines with their realization that Bitcoin was here to stay but were still not willing to throw money at it which caused an epic rise out of the 2018 bear market as huge capital rushed in to try and establish a position in BTC causing an overblow to the upside. It is atypical that Bitcoin would trade below 100 week average in a bull market but this parabolic rise out of the bear market was not typical! It is important to keep that in mind when looking at retracement bottom targets. This is a long term view of how the next two years might play out. Only time will tell!