has taken a breather and has over the last week or so tested support around 11-12k. A lot of people are concerned about head and sholders patterns and some are worried this is the begining of an bear-market for bitcoin
. But I am opptimistic about the future. I think the market has strongly confirmed the support levels of 11-12k but I dont think we are heading upwards in the near term though. I think these prices have to be "stabilized" further and within time the bull market will continue. But at this stage I remain cautious when therer are indications of a possible drop to the 9k area.