BTC has been in a bearish trend since the rise to just under 20K (on Coinbase).
Let's take a look at some FUD that contributed to this the past 30 days:
FUD Subpoena on Bitfinex and USD Tether Friedman LLP pulling out of Tether audit False news reporting of Korea & India's Government banning Bitcoin Jordan Belfort putting out an 'urgent warning' to sell Bitcoin Coinbase 1099 forms & having information of customers' purchases sent to IRS by request CNBC reporting Bitcoin crashes every other day
With all this noise, I am bullish on Bitcoin long term. It appears that a falling wedge is forming.
Supports: 1st Major Support - ~$7900 2nd Major Support - ~$5800
I am expecting some accumulating between ~$7900 - ~$9200 before we break out upwards.