The leading cryptocurrency has its price on a critical level, the next days will define which path it will take and how it will drag the market with it.
Current support/resistance: $8'000/$8'300
The current support we are sitting on, has been the most traded volume level of 2019. It is now playing a crucial role that may define the next long term trend. Breaking the current support would open the gate for further losses. In the next fews days if we want to expect a recovery, the price needs to stabilise over $8'200 and gain momentum to pass the $8'300 resistance.
The technical indicators are all bearish and indicate further drop.
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