$8,000 key for BTC/USD

Bitcoin is currently struggling near the $8,000 as this region is the weekly chart's 61.8% Fibonacci level.

$6,000 is an obvious second level of support being a recent low and traders should watch this for any new make or break activity.

My charts and detailed thinking are posted in this latest article on my personal blog site here: tradecharting.com/bitcoin-update/