BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
the lack of buy volume coupled with some conveniently timed twitter-ban FUD contributed to BTC's recent fall. the next week is crucial in deciding the next month or two imho. while bitcoin is looking bearish in the short term, there's a decent chance we have a rally toward the end of the week, since bulls need to close on or above **$8200** for any chance of surviving heading forward. BTCUSD Longs broke a new high too, so market sentiment is expecting a reversal soon. on the 15m chart we continue to make lower lows, which tells me bulls have little momentum and we're likely to continue to head down. support levels include $7580 (weak), $7200 (strong - 78.6% fib and recent double bottom and $7000 **(very strong - psychological support and longer term double bottom )** which is a double bottom and psychological support level .
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