Bitcoin Catching Support!!

Bitcoin has found good support off 32.3K, which was the inverse Fibonacci extension based off our head and shoulders pattern, then neckline of which, at 34K should provide formidable resistance. This is especially so since it appeared to form a lower bound to the consolidation pattern we saw over the past few days which has since broken down. We are likely to find value in the area between 32.3K and 34K if not collapse further to test lows in the lower 30K handle. It is still not out of the realm of possibility to test the upper 20K handle again.