Bitcoin price update. Support and resistance levels. Do you feel bearish?

Hi, everybody!

In my previous post I have mentioned the Fibonacci Retracement levels:

$11600 (0.236)
$13000 (0.382)
$14000 (0.500)
$15640 (0.618)

And here is what we have now. The price bounced from the $13000 (0.382) just but did not find much support near the $11600 (0.236) level and went back to the $11 400 - $11 600.

The volume does not reflect any bull courage in testing $13 000 so it just fall back to "zone of comfort"

Recently we have seen lots of "warning" forecasts:

• Correction is not finished
• Bearish trend can continue

Bulls also did not strike back after the fall to $11 200 - not much courage to buy now.
Looks like bearish moods are in the air.

During that week BTCUDS prices:

• fell from $14 500 to $9 200 (-$5300 or -36%)
• jumped back from $9 200 to $13 000 (+$3800 or +41%)
• and today bounced back to $11 200 (-$1 800 or -14%)

That's why we love that market, don't we?

Good luck and see you next week!