to bring in new funds. These are some stingy bears but they also do need a fresh influx of funds to come in .
From 7k The bears could then pump BTC to just under 9000 around (8900) to trap new buyers and then proceed to drop it lower to the 4800 area to shake out weak hands.
This 4800 area is where I'm expecting a full bounce.
On the other hand if we don't make it past 6400 today, this weekend or early next week I'm expecting we will continue down to the 5400 area.
As we have seen from the previous drops these bears are stingy and mean and I wouldn't put it past them to be playing some tricks ,