There is an air pocket below this level. It is very vulnerable to further downside. However Bitcoin dos have this trick it pulls of sometimes where it 'wicks down' ie goes below a support level for a short time only. This point and figure chart shows the printing of 2 Os below the 2017 high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.