In reality it is not on top of the supportline but beneath it making it a resistance line.
Also the AMCD doesn't look very good to me: White line already crossed the brown line....
If you do want to see the top white line as the supportline, that supportline goes down with around $ 140,-- a day.
Besides that the BTC dominance with 41.8% is quete high..........
Most Altcoins went down a lot, even when Bitcoin went up! (that's why it is on 41.8% now)
I do think 6.5K and 4.8K are much stronger on the table right now then 12K is.
The headline says: "Bitcoin Takes a Dip as SEC Demands Exchanges to Register" but if that is the case..................it just shows how "weak" BTC can be on a single message.