What time frames does your analysis pertain to? It is difficult to speculate without a more global context. First of all the big sellers have been in control and knocking price around with futures. What about big buyers? There have been massive billion dollar single account purchases as of late. Looking at price in the last month around 8000 is where the heavy buying occured. It hasnt been close since feb 12 and has been uptrending, sideways recently. The real reversal happened around 6000. I think this is early stages of a bull market. Let's see if BTC ETFs come out this year or if futures start to settle in physical (BTC).