Bitcoin is Worrisome

I will start off by saying that I am a long term pull of Bitcoin and other cryptocurrencies, however the chart is currently set up for another major test. Bitcoin is sitting at support around 7900 USD and has made a slight bounce off of the support a couple of times. While sitting at support and at multi month lows, the 200 hour MA has proven to be a area of resistant and is currently in decline. I will continue to watch closely...