Previously breakout of the 12k$ Horizontal Support will at least lead to the retest of the Lower Boundary of an Ascending Channel, which happened. Locally it should be a bottom as we got the majority of Longs got liquidated during the last 2 days (look chart above).
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Technically it's a also a good point to retest, we are at the Support Cluster [11.650$ Horizontal Support + Lower Boundary of an Ascending Channel]. Nevertheless we have two work with a confirmed retracement.[/size]
$11,600 had gone 2 days ago because the price now stands string at $11,300 in which i believe is the bottom?sooner we will see the Pump and this will lead us to $17,000?
well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.
don't be exaggerating mate because we did not fell to $11,100 meaning we are far from falling below 11,000 and there are some threads that says this is the corection and effect of the whales who sold His 9,000 Bitcoin from 2 years of holding.