After having such a positive few weeks on the charts, you could sense that it would eventually turn sharply the opposite direction. Over the previous 24hrs we have seen price drop through both the $9,250 and $9,000 level, as the price of Bitcoin fell almost 7%.
The next most likely support is at the $8,375.
The market is very volatile at the present time due to this move, take care with your trades and ALWAYS do your own analysis!
I agree with your analysis, looking like a drop towards $8,300. However if price does not hold its looking like $7,700. After that it gets scary for all of us.
Definitely agree! I believe we will be able to find support at $8,300 if the market doesn't get strongly manipulated around that price range.. Its a waiting game now to see where price goes!