Bitcoin Short-term Fibonacci retracements to watch

Here are some fibonacci levels to keep in mind on this retrace move. Tons of negative news has killed the potential cup and handle that was forming and created a double-top around the 11,700 level. The 50% short-term retracement if the first key level because it is also structural support from past resistance around the 8870 level.
Bitcoin (Cryptocurrency)Chart PatternscryptoCryptocurrencyTechnical Indicators

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