$3.3K

Morning guys,

This is what we call as "Black Friday".... Yes, we have bearish view and yet we intend to consider how market response on 7.2K area and whether reverse H&S on daily will fail or not - answer has come fast, market collapsed.

It is no needed to talk a lot here. Just two moments. First is - next target 3.3K. There we will consider how market challenges all-time lows. Ultimately, if we will get butterfly "Buy" here - it could be as low as just 276 bucks per coin.

Second moment - take a look that drop stands on a background of rising hash rate. This is not Blockchain and BTC driving factor, guys, This is global cash flows stand beyond recent collapse.