Here is the weekly chart for Bitcoin. Right now it is all about the orange line (EMA200) and black line (MA200)... With these indicators you can have a longer term perspective of what is happening and can also avoid panic: 
Support levels:
Thanks a lot for reading.
Namaste.
- (1) For Bitcoin to continue down/bearish it needs to break and close below the black line.
- (2) For Bitcoin to go bullish it needs to break with good volume and momentum the orange line and close above it.
- (3) This is Bitcoin Made Easy!
Support levels:
Thanks a lot for reading.
Namaste.
Note
Thanks a lot for the support, highly appreciated.Note
Bitcoin (BTCUSD) Price Action Update (4H Time Frame) + XBT LONG Trade: 
Note
MACD bullish crossover on the weekly and histogram turning in favor of the bulls.
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