Current support is located at 8000 $. The resistance is located at 8500 $. In my opinion BTC will bounce back up again when it will touch the 8000 $ resistance. Here is why: 1. The RSI & the MACD are very low. 2. Like I indicated in blue, there is an upside down "shoulder-head-shoulder" pattern. This is very good news. 3. Bitcoin is touching right now a big psychological support (8000 $).