On the 15th December 2018, BTC/USD has reached the low, while hitting $3200 level. This is 327.2% Fibonacci retracement applied to the corrective wave up after the triangle pattern breakout.
The big question is whether BTC has reached the very bottom or if price will continue to lower. The support has been rejected cleanly suggesting a correctional trend up. But...
ZRX/BTC found strong support at 8k satoshis area, which has been rejected multiple times. Whether it means a trend reversal or just a correction is yet to be seen. However, the RSI produced a bullish divergence suggesting upcoming wave up.
The resistance is seen at 10k satoshis area, that is a 40% growth potential over the Bitcoin. But, the recent low at 7789...
