Looks like some of the #Bitcoin speculators who bought in anticipation of the halving couldn't wait for the actual fact to start selling. As more sellers jump the gun, by the time the fact occurs, the profits those buying the rumor were hoping to cash in on may already be gone.
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Back again with another idea, this time for the BTCUSD exchange. Seeing an upwards channel, we have the 2 options of a resistance breakout to a possible .236 to .5 fib extension, as well as a possible bearish breakout to the 0.5-.618 zone. Check back by Monday (04.12.20) to verify which way BTC will move.
BTC has pulled back, as my last analysis projected. BTC may find support at these GREEN LINE levels. Short term profit targets are notated by the PURPLE ZONE.
If price cannot hold the top GREEN LINE, price will fall to the next to retest & either continue the uptrend...or fail to new lows for the year.