Bitcoin is retracing to the 50% fib line at break-neck pace, and has the potential to break through the 12800 level to new ATHs. Tone Vays daily 9 occurring tomorrowish (Wed & Thurs.) so look for 1-3 days of decision. I'm betting on more down, simply because futures don't close until mid-March, but if we can hold above 12800 for 3 days I'll be bullish as ever. A break of the rising channel would be bearish.
Comment:
Didn't hit the 50% fib. Dropped out of channel and retested it. Targeting new lows.