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BItcoin - Falling trend line established, eyes 50% Fibo support

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin's retreat from the falling trend line resistance if followed by a day end closing below 651.39 (38.2% of 435-785.15) would open doors for a slide to 50% Fibo support at 61.08. Such a move would also indicate the retreat from June 18 high has resumed.

On the higher side, it would take a day end closing above the falling trend line to suggest the retreat from June 18 high has indeed ended and prices could move higher to 700 levels again.
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