Without my speculation I wouldn't be speculating, but I know the power of the mathematics behind the technology so it makes sense. Besides I am playing with fractal Elliot waves. 7825 USD is a unique resistance at this time. Waiting for a MACD golden cross on the 1 hour with a second/third bounce confirmation on the RSI for a purchase. Any lower and we may test...
It can be seen that a decision occurred on around january 28th 2018. This is a pivotal event horizon of all trend lines of the last 6 months. Now bitcoin price is moving past all measured trends lines which were established during the december rise. It seems major groups of traders (people, bots and Big Data A.I.) had their vision set on certain linear movements...
In the mathematics of natural forms, the sacred geometry of emotions (mass hysteria), a Fibonacci retracement indicates bitcoin price may find support at $6K USD and form an inverse head & shoulders from there.