Bitcoin seem to be showing signs of weakness not following through with the trendline breakout.
The region to watch is 2450, which is out final support before we invalidate buy trades.
A possible abcd is froming with 'd' point being at the fibonacci retracement of 78.6% at 2520 region. This scenario is very possible at the moment with obvious lower high formed at point 'c'.
Have in mind we are still going to remain bullish on BTC as the previous daily chart is still valid, and we are in a bullish channel.
If "a" gets broken, we can expect point 4 to be reached, breaking the 3000 region before pulling back.
NEWS UPDATE
Coinbase of the future is decentralized SOURCE : coindesk
Makes sense to change, let us not forget the greatest cryptocurrency hack, mt gox.
Higher security is definetely necessary if cryto were to progress.
China trials blockchain public service SOURCE : coindesk
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