The channel that BTC is currently respecting Bitcoin / U.S. dollar BITSTAMP:BTCUSD jsea -it seems there is bottoming action as we see a dragonfly here. -blue line on the macd goes back a couple months indicating a bearish divergence; however there is room to grow. -rsi is also rising since it bottomed out a couple days ago. -can see an INCREASE to around 9300-9400 where we see the 200 ma and a local resistance. -there will most likely be a decrease from here to 8400, ultimately. (note: if it breaks this point then we can see a quick drop to mid 7k's. people are scared during this time stay safe. not financial advice.