The key support level at $6'500 is holding for now.
Current support / resistance: $6'500 / $7'500
After seeing the price of bitcoin fall dramatically for more than a week, there was a strong buying pressure when the price hit the critical and psychological level at $6'500. This level was the support of November 2018 that was followed so much at the beginning of this year. If this level does not hold, a strong bearish momentum has to be expected for Bitcoin. However, it seems that the bulls are think that the price will rebound from it. In terms of technical indicators, the RSI is in an extremely oversold region and all indicators are bearish.
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