BTCUSD is now very close to the 100% Fib level support ($5625). This brings us back to 11/12/2017, just before Bitfinex ramped up printing more and more Tethers.
It also puts BTC back into a linear trend line (vs the parabolic we saw last year).
If it doesn't bounce from $5500-5700, and this support range is broken, the next stop is at $3000.
It also puts BTC back into a linear trend line (vs the parabolic we saw last year).
If it doesn't bounce from $5500-5700, and this support range is broken, the next stop is at $3000.