Bitcoin continues to hover above major support at 9000 (psychological level, horizontal support, Fibonacci retracement ) and a break of this level could trigger a sell off to push price towards 7572 ( Fibonacci retracement , horizontal overlap support). We can see that price is facing major bearish momentum with a long term descending resistance line holding it down really well and it has also made a bearish exit of an intermediate ascending support-turned-resistance line.