I think it's impossible to avoid a Malthusian Disaster. Just watch to the blue lines and the red arrow and think. DON'T WORRY, it will rise again to 40,000 in the 1st half of 2018.
Komen
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Max. resistance is 12,000. It's impossible more than that.
Komen
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Looks like a vertical average (low to high, line) is coming, and then a bigger correction than the last one. Probably to 8000 +/- or 5800 +/- if the support is broken. Stay alert.
What if the energy in BTC is so strong that it warps time? Then, the fib spiral can touch 20k.
elgabonomas
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@DrJLT, Everything is possible in Bitcoin world XD
MariusStanescu
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Where else you have on your chart three low connected together with a single support line? From how your spiral look it should connect the 5741 low with the next low, which already happened at 8900....So it it will be no reason to fall to 7692... :) I hope so :)