Following is my technical analysis on BTCUSD.
Price is making Lower Lows and Lower Highs since past few weeks, until we don't see Higher highs and Higher low I will consider it bearish for now.
Although 9000 level is showing up great support and I think we might see another move down to 8500-9000 and then move up. I see strong trend line support coming from september 2017 and seems like it will hold. If 8500-9000 level hold then this level will be great long term support and we might not see this level again for a very long time. At this level it will also create double bottom.
If the level holds and price moves up then resistance level will be around the down coming trend line from top december which is anywhere between 13000 to 15000 level. I think once this resistance is broken then it will become good support and we might see 25k within few month.
Below is the chart.
Regards,
This is not a trading advise and just my opinion, please trade at your risk and do your research.