After it failed to break the Fibo 38 level @ $17800, Bitcoin is testing Fibo 23 level @ $17000 and is preparing for a possible drop to $15000 and even $13000 levels, Signs of weakness appeared clearly especially on smaller time frames, where a reflective candle formed on the hourly chart, we still need to see how the daily candle will ends.
Since Bitcoin failed to break Fibo 23 level at $24800 and since the last Fibo support level 0 at $17500 got broken, we are probably going to $13000 and even $12000 soon.
