BTC has still a high risk too fall even more. The pink line is now aligned higher than before, above the current price. And I added a three year average price, also in the color pink. As visible in the chart we are already in the red Fibonacci area behind the blue 1.382 Fibonacci .
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The price is still in this consolidation zone between finally starting a new long term uptrend after months of declining prices - or - sliding down even more, if the price falls again and doesn't bounce back up from either the $300 bearwhale or the $275 potential double bottom support area.