I wanted to share my analysis due to the fear and anxiety in the market. 

The bitcoin breakout was a fakeout and it was rejected, but it is very normal now and was accounted for. It is still hovering above weekly support and no savage sell of occured for now, even on a low volume weekend.

Was this drop surprising? No. Is there a reason to panic? Not at all. I marked the 87-84k weekly support range. This movement was within expectations.  currently, the market seems slightly open to further downside. Even so, it will still be a healthy retracement, which then will target new all time highs. the potential levels are clearly outlined in the chart. I have started making small spot investments.

$BTC #bitcoin #BTC