🚨SUPPORT IS IN THE "LOW 40s" IF $59K BREAKS Fairlead Strategies founder Katie Stockton says BTC has failed at its 200-day MA and is sitting on a key Fibonacci level that, if broken, "oftentimes a full retracement happens." Stockton added that 75% to 80% drawdowns are still possible, but Bitcoin is long-term oversold and needs "a couple, three weeks of stabilization" before she's convinced the bottom is in. BTC is currently down over 50% from its all-time high of $125K.(Coin Bureau)