Well we started the retracement once more but how far will we go? We are at 9.8k at the time of this analysis. We met support near 9.3k and bounced a bit but price has been holding now in the 9.8k range. RSI is down but trade volume has risen, mostly sell orders. This mark was also the bottom of the bollinger band which is starting to flare out on the bottom and looking at the Ichimoku cloud it hit it like a wall. The overall outlook is bearish on Bitcoin and I hope to see a continued bounce between 9.3k and 11.7k which will move through the cloud in hopes to see what direction bitcoin will go. If we break the 9.3k support then a continued drop will occur. As the way the chart looks now, where in a bearish decline unless buy volume increases significantly