I'm expecting a similar move to the one we experienced 2 months ago (chart is shown below).
The prediction above was used as an indication of future price direction from $890, rather than waiting to short upon completion of the pattern at $1600.
I will be treating the present setup in the exact same way.
The for point B aligns with a pattern and reciprocal (chart is shown below).
This provides additional validation for a reversal at 0.886 rather than the level.
There is a lot of speculation that BTC will drop to $1,000 due to it losing a further 13% in the last 24 hours, however, bitcoin has proved many credible analysts wrong time and time again, it will be interesting to see how this trade develops over the next month.
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I assume this will lead to a high insecurity in the markets at best - and to 2 bitcoin chains at worst (hardfork)...
So if I as a non tech-analyst should propose anything, it is this: Do not calculate further than the 30th of July. For the time after, prepare yourself according to your belief in bitcoin in general and BU/BC in special.
It probably will just be one of those episodes, bitcoin has already had in the past ... so just be aware.