Its not looking good for the flagship Crypto. Selling off is occurring everywhere across a lot of markets, not just the crypto currencies.
Could we see price go to near initial float prices? Many hope not.
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The 8Hr and 4hr are still show price is below the 50 EMA. EARLY signs bulls trying to rally price back to the upside are starting to show on the 1hr chart with a break and retest of the 50EMA. 8000 being broken and used as new support would give as the start of the new uptrend on the 1Hr chart with the formation of the second higher low. We would have price starting to look like its turning on the 4Hr chart as well.