BTC looks like it's on autopilot and sideways as the market can't decide whether to dump further or not. Indicators (highlighted) would suggest we could turn around here and not dump further.
Sentiment around the web - from what I've seen - suggest that a lot of buyers are salivating for BTC to be in the $2k range, which means money on the sidelines waiting to buy, as opposed to money in the game waiting to dump. These things are hard to guage, though, but I'd suspect many sold in the drop from $6k, and overall sellers might soon be exhausted.
Sentiment around the web - from what I've seen - suggest that a lot of buyers are salivating for BTC to be in the $2k range, which means money on the sidelines waiting to buy, as opposed to money in the game waiting to dump. These things are hard to guage, though, but I'd suspect many sold in the drop from $6k, and overall sellers might soon be exhausted.