Opportunistic trading in altcoins eventually resulted in BTC
breaking its important 0.61 fib support zone
around 14.150, followed by a free fall down to the next support level
at 0.5 fib around 12.500 tonight. At the time of this writing, 0.61 fib is tested again, as an even sharper decline of altcoins may have helped sort out some opportunistic altcoin trading & may eventually lead to a new alliance of bullish
crypto traders with BTC
. Anyway, the recent significant fall below 0.61 fib indicates our correction is not yet bottomed-out. Even a fib 0.38 support zone
may be tested soon, where a rebound is very likely.