We seem to be supporting on the Fibonacci of the dec rise and the bottom trend. A drop here makes little sense now, i see a quick rise to 11.5k in the next few days,if not beyond.
The 11k down trend has start to become support
The 6000 drop is lucking less and less likely, As the bears struggle to break trend line at 6500; and sentiment around bitcoin is definitely changing. A push above 7,800 will refuel the bull till it reaches the moon.
The 11k downtrend has been broken, confirmed by the increased volumes in the trades at around 3.30 GMT
Maybe those who started taking notice of bitcoin in December can see despair; but to me Bitcoin looks bullish. HODL
Currently stuck between a rock and a hard place; But Lord Ichimoku has spoken, and has passed us entry into the heavens; Getting through the down trend would set us up nicely for another bull year