Looking at this the final drawdown of BTC did not occur until we had gone back below .786 using the Fib levels from market bottom to the market top of the prior cycle.

I expect us to be nearing the crescendo of this cycle. We could still go lower But I believe this is cause to begin paying attention. Accumulation zones are beginning to form.
BTCUSDFibonacci RetracementTechnical IndicatorsTrend Analysis

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