From a technical perspective the BTCUSD chart looks very to me atm and we also got a small upwards movement since touching these supports. So around 7.5k could have been the bottom. Below a list of signs.
Signs since yesterday:
- level 0.382 support
- 20 on 100 support
- high from 08.11.2017 at 7.9k support
- at around 30 -> historical support
- perfect correction
If we can't keep the ongoing (small) uptrend, fall back and break through the mentioned supports then we are heading to the very important of 5.5k ( support & low of 12.11.2017 at 5.5k support). This could happen if there is even more/worse FUD..
I will keep you up to date regarding this analysis! :)
Feel free to ask questions or comment
Take a look at my further analysis, I also explain why, in my opinion, we are having such a heavy correction atm: