That move was necessary and clears the way to move back up to 58k. It may even do it over the weekend. It's been holding price for a while and I feel like they may actually carry it out. The crypto market often does the unexpected. See you Monday! 
Note
So we hit the 58k as I projected after we nailed the 6% drop as i also projected. Now watch for an explosion up potentially as the 57, 2 is my bear/bull line and I think you could really get an explosion above it...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.