Bitcoin price action(PA) Bitcoin retest support level at 8000, first 8012 second time 8020. Bounce was to 8439. Bitcoin closed bellow EMA21,50,100,200 periods, strong downtrend. Current drop to 7840. Break Support level. Pattern: bearish Descending triangle. Volume confirm downtrend. S/R: Support at 7676 EMA55 weekly, resistance at 8800. Potential next support at 74XX. Indicators: MACD bellow zero line, RSI bellow 25 points, together Very bearish.
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