Standard Moving Averages: BTC currently under 200 MA. Full pullback. Fibonacci Retracement: drawn from recent low Feb 5th to Recent High March 5th. 1=$6,102 0.786=$7281 0.618=$8,207 0.5=$8858.4 0.382=$9,508.8. Bollinger Bands: currently widening up. Price volatility coming in. RSI: Currently RSI 36, not too oversold. RSI descending, which seems like the price will go lower. MACD: dead cross formation. on level -469. MACD indicates bear trend. Double top formation on $11,790, and then bear trend formation from there on. $11,790 will be a heavy resistence line.
Conclusion: the BTC will pull back to $7,281, and then $6,102. $6,102 will be a heavy support line, which will be a good buy opportunity. A good chance that price will go even lower from here. Long term bear trend continuing on.