Bitcoin has fallen out of bed it appears! It was nicely riding along the trend line of the symmetrical triangle but apparently the news of BCC didn't' sit well with traders.
Regardless, it appears that my earlier prediction of a retest of the July 20th massive breakout will come to fruition. This is where I'd like to step in as a buyer assuming it holds. I think this would be a healthy move before any moves higher.
- Levels to watch for the next 12-24 hours:
-$2818: Trend line that was just broken
-$2627: potential support
-$2450: Possible retracement level
-$2413: Support
-$2353: Support
