50% - $8400
.618 - $7200
A break of $8400 if it gets down there will most likely send us back down to $6-7K range.
In 2015 we are following almost the exact same so far
You can see we are moving at a faster rate than 2015 as well. Given this we are most likely in the second stage already where it flags out down to .382 before heading even higher.
With all the uncertainty in regulatory action I would like to see BTC take a break and let alts catch up, but this may not happen until the SEC and other governing parties determines the rightful way to approach these utility coins.
Either way, .382 needs to hold for BTC to have a chance to continue up in Q3 of 2019 otherwise we could be headed into another crypto winter as regulation unfolds.
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