$2k key area - bounce or retracement?
The last two exponential growth sprees in BTC ended in a 1/3 loss of price, which started the base for another exponential price spree with a higher high. Where we are now is about a 1/3 loss of price from BTC's all time high. I figure BTC bounces here, it'll be the start of a third exponential growth spree after a 1/3 loss in price, but if we fall a notable amount below that mark, we'll likely be facing a retracement, perhaps ending around $1600.
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