First reversal candle on 64% retracement exactly as it was in 2014, but Bitcoin couldn't break trough 8300 resistance and 50 MA.
Bitcoin either comes down and finds support at 7000 mark holds and tests again 50 day MA and breaks trough, or Bitcoin breaks down 7000 and falls till 5350 mark (second point of retracement of 2014).
I don't think Bitcoin would go lower then 5300 mark to 3 point of retracement, because of its increased awareness and institutional interest compared to 2014.
Bitcoin either comes down and finds support at 7000 mark holds and tests again 50 day MA and breaks trough, or Bitcoin breaks down 7000 and falls till 5350 mark (second point of retracement of 2014).
I don't think Bitcoin would go lower then 5300 mark to 3 point of retracement, because of its increased awareness and institutional interest compared to 2014.