Bitcoin bearmarket is going according to plan. It just got oversold a bit too much right now and will most likely retrace to previous breakdown range of around 5-5k 6k. Other than that check the reffered chart I've posted some time ago. We've now hit 70 percent line, but we've still got room to drop.
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Seems like we got a bit of a wash an rinse yesterday to wash way the longs one more time.