This is version two of my following idea: I previously called 7900 the bottom of this downtrend. It looks like it is in fact 7800.
A major possible could be forming for BTCUSD (and a for BTCShorts :D). This should detract the clever shorters with bags of money from shorting. I strongly believe in the next few days, we will easily get back to 9000 and soon after get a retouch of the 200-day MA.
All the people saying we're going to go down to 6K or 5K are simply people who are currently shorting, and drawing meaningless charts and waves that really mean nothing and are based on nothing.
The general sentiment is great with Bitcoin right now... Lightening Network is growing more and more, more institutions are implementing the blockchain, more businesses and e-commerce stores are supporting Bitcoin , more countries are supporting it.
There's just no reason at all for it to go to 6K, 5K or even 7.5K.
June will be the month things kick off...
Patience is Paramount!