BTC/USD Bearish FIB Ext to $8400 Range

The recent impulse drop has bounced and crossed the 0.5 FIB line. Historically this results in an extension of the drop to the 1.272 FIB line, which is near $8400. Expecting short term dip to this level to be met with high volume buying.
Chart PatternsTechnical IndicatorsTrend Analysis

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