Danger ahead as bots and whales will go wild as a DEATHCROSS is imminent in Bitcoin. This doesnt happen very often and looking at history, its always significant. Watch out below. We might see a retest of 6K support.
If you follow a conservative more "Natural" growthline for bitcoin, it should be valued at around 8000 usd today. Resent crash might indicate that this is where it is heading.
50 MA crossing 150 MA signaling emerging downward trend inside general upward trend of bitcoin. Shortterm sell on bitcoin until it breaks through trendlines. Longterm buy on bitcoin.
Bitcoin seems to be in a upward trend channel. Target 2018 between 7800-10000.
Could be a perfect fibonacci correction rebound in a strong upward trend.