First I expect it to hold above the 50 hour moving average shown as support, which I discussed in a post a couple hours ago. If you chart the 50 hour yourself, you can see the major role it has played as support and resistance. There is also a bullish MACD crossover on the 4 hour, although not necessarily a leading indicator. If you check my previous posts, you would see the I was talking about a consolidation period around 7800-8400 before the double top and the sharp decline. Well, it consolidated briefly at the bottom of the brief crash and now I believe smart money is accumulating again back in the 7800-8200 range. Bitcoin is seeing tighter trading and soon it will pump again as it had earlier this month.