COINBASE:BTCUSD has been following it's downwards completing an correction wave after it's ATH of $20,000.
You've got the Lunar new year where a lot of Asia is taking profits, just like the US did before Christmas.
There is a lot of news coming out about Korea and China cracking down on exchanges.
Now banks and institutions and credit card companies are not allowing cryptocurrency's to be purchased.
They're pulling out all the stops, but Bitcoin will not die.
.618 has been a golden retracement for bitcoin to begin a new cycle.
I believe that if you can buy it underneath the .618 Fib level, it'll be a good buy for long term holdings.
If it goes below $9,000, then I think it will bounce up quickly.