BTCUSD - Parabolic decline and start of upswing?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It has been a harsh couple of days for BTC hodlers.

If you're concerned that BTC is dead then rest assured. Its not. This is a great video that talks about BTC value that it brings and why its different to other coins (even ones to come).

The market cap of BTC is up from a low of $210B to about $240B at the time of writing. The high before the correction unfolded was getting close to $300B - so we're not down all that much in terms of overall market cap.

See this for details:

To continue upward the next level to watch for is a break of the 1.272 Fib level on the chart.
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