One year ago today, Bitcoin hit its all time high. $126,080. Today it's sitting at $85,900. Down 32% from the top. And it just got rejected at $87K for the fourth time in three weeks. ETFs flipped to outflows. Citi, Standard Chartered and Bernstein all cut their targets. Meanwhile small caps are pumping while BTC goes nowhere. The line in the sand: Above $87K, bulls are back. Below $84K, $80K is next. Happy anniversary, I guess.