The 55 Day EMA has been a crucial indicator in forecasting large drops in the price of #BTC. Every time Bitcoin has dropped below the daily 55 EMA we have seen a large dump in price. For many reasons I think we have yet to make another higher low in price, and the 55 EMA highlights the crucial point we are at. If we loose this level I think it's safe to say we will see 8-9k again before resuming the uptrend. Not to fear, this dip will be great for buying ;)