Prior to that Factom tested the 200 Moving Average, which has been rejected on the 16th of December. Then price produced the spike lower, but it failed to close below btc 0.0031 support.
While the price could be reversing in the very near future watch out for the Fibonacci support breakouts. But only break and close below level, that is btc 0.0015, could reverse the trend to the downside.
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