There are bullish and bearish signs at the moment. I also think that BTC is not yet about to drop, but 7.2k is a strange target, because 7k obviously acts as resistance. If the price manages to cross the 7k line it won't stop only $200 higher but run up to 7.6k-8k where the highes vpvr values are located. In these market conditions a drop cannot be forecasted with TA because it would probably be triggered by a non-technical event, e.g. the closure of the wall-street or the announcement of it. This would trigger a market wide panic sell-off that will probably also affect the crypto sector.
sebastian.soik
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@Sebastian.soik, levels are better visible with fib retracement from bottom to 8k. The 9k level would then be an extended fib level, which perfectly makes sense