Bitcoin should correct back to the .618 coming in at 40k. If we're really bullish we can hit the .5 fib coming in at 43k. As of now I don't believe we have found bottom. There are more sellers that need to capitulate into the downturn. All in all this is a shakeout. NVT has been maxed out for some time so pullback was expected. See you at 40k :)
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And here we go again for the second leg down. .618 is coming in around 40k
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NVT showing we have further to drop. Look at the last correction it went lower then the red then shot off again.