Bitcoin has broken down and its targeting the 200MA Weekly . The target is ~$3000 because there is confluence between fibonacci ratios, MA, and the fact thats its a major prior swing high. Confirmation will be a breakdown of the golden grindline (support-geometry). If the $3000 support combination fails then bitcoin will probably go to ~$1000-$1340 range because $1340 is a untested support and the ~$1000 range a cluster of support.