BTC is heading down or a retrace is waiting

Is BTC caught in a downward spiral and heading further downwards or is a recovery seen in sight? This is the thought that is going on in the minds of millions of investors across the globe. Seeing the support build up near the 12800 USD mark, we may hope it is not going to break that level and may trade range bound between 13 k and 15 k mark in the coming days.