Current support is located at 8000 $.
The resistance is located at 8500 $.
In my opinion BTC will bounce back up again when it will touch the 8000 $ resistance. Here is why:
1. The RSI & the MACD are very low.
2. Like I indicated in blue, there is an upside down "shoulder-head-shoulder" pattern. This is very good news.
3. Bitcoin is touching right now a big psychological support (8000 $).
The resistance is located at 8500 $.
In my opinion BTC will bounce back up again when it will touch the 8000 $ resistance. Here is why:
1. The RSI & the MACD are very low.
2. Like I indicated in blue, there is an upside down "shoulder-head-shoulder" pattern. This is very good news.
3. Bitcoin is touching right now a big psychological support (8000 $).