BTC is sitting on and caught support for now on the .5 fib drawn from april 2017 when BTC was 1118. Which could be considered a healthy retracement from its all time high. Consolidation in this channel would be awesome for all the btc related bags i am holding right now for a new upside. A fall below could end up on the weekly 200 at about 25000. You cant hack btc, you cant create new ones after they have all been minted, but options derivatives, futures and leverage can do crazy things.
Comment:
man i was so wrong. Btc only dropped to 25,588 so i was a bit off on the weekly 200 note. and about 4 months early. Did i make money? no. holding bags