The $7'000 support has been tested a few times this weekend. If the buying pressure increases, we may see unexpectedly low levels.
Current support/resistance $7'000/$7'500
At the beginning of last week, the target was to break the $7'500 resistance, but what happened is quite the contrary. The price continued on a downtrend and only the $7'000 support stop it. On a bigger picture, we shall remember that since the beginning of 2019, Bitcoin saw a return of more than 90% which is a lot better than traditional assets. Furthermore, it is expected that in the long term, this trend will continue, especially when we consider the 2020 block reward halving.
Technical indicators give a bearish signal in the short term, the MACD lines being close to intersect as well as the price being below both 20 and 200 moving averages.