With current lack of buyers the price will be rejected.
Once buyers are exhausted the drop will be fast back down to a strong previous support line around 5000-5200
Which also falls on a strong previous and the current down trending channel support line.
I cant see price getting much lower than this with out a whole heap of fundamental help
:) fingers crossed.
there is lot of previous structure with support and resistance counting in thousands as a psychological figure for people to buy and sell.
10,000 resistance, then 11,000 then 12,000 etc etc.
If btc does start running after a 9k break out i reckon we could see a descent run as people sitting on the side lines start reentering chasing the price.