[ Bitcoin ] Support did not hold. How low will we go?

In the last 4 hours or so we went down to $9614 and up again to $9826 as I am writing this blog post. So the support of $9776 did not hold, next is $8451. Will this hold? Is this a buying opportunity?

In the last 2.5 days we lost all the gains from the previous 4.5 days when I look at the 7 day chart on Bitstamp. Not nice to see the bears so strong. I would like to see the Bulls get up above $10000 again as soon as possible. If we stay below $10000 for too long, we might test $8451.

To go up again we need to see higher highs above $10100. Come on Bulls!!!

Here are my favourite short term technical analyst Dan from the Chart Guys:

What do you think of the current bitcoin price? Are you holding, selling or buying?

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Thank you for your support.

Regards

Colin Brazendale

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More information about me:

I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.